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Check my w E2-12 (Algo) Inferring Investing and Financing Transactions and Preparing a Balance Sheet LO2-4, 2-5 During its first month of operations in March,
Check my w E2-12 (Algo) Inferring Investing and Financing Transactions and Preparing a Balance Sheet LO2-4, 2-5 During its first month of operations in March, Volz Cleaning, Inc., completed six transactions with the doilar effects indicated in the following schedule Dollar Effect of Each of the Six Transactidns Ending Balance Accounts 2 3 4 6 Cash $55,000 $(7,000) $(11,eee) 11,eee $(4,480) $1,eee (1,000) $(8,e00) Investments (short-term) Notes receivable (due in six months) Computer equipment Delivery truck Notes payable (due in 10 years) Common stock (2,5ee shares) Additional paid-in capital 4,40e 8,e00 38,000 31,eee 5,eee 5e,eee Required: 2. Prepare a classified balance sheet for Volz Cleaning, Inc., at the end of March VOLZ CLEANING, INC. 2. Prepare a classified balance sheet for Volz Cleaning, Inc., at the end of March. VOLZ CLEANING, INC. Balance Sheet Assets Liabilities Current assets: Liabilities: Cash Total liabilities Total current assets Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity Total assets
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