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Chevron Corporation has the following balances as of December 31, 2023: Cash: $1,500,000 Accounts Receivable: $2,100,000 Prepaid Insurance: $350,000 Equipment: $8,500,000 Accumulated Depreciation: $4,500,000 Accounts
Chevron Corporation has the following balances as of December 31, 2023:
- Cash: $1,500,000
- Accounts Receivable: $2,100,000
- Prepaid Insurance: $350,000
- Equipment: $8,500,000
- Accumulated Depreciation: $4,500,000
- Accounts Payable: $1,500,000
- Salaries Payable: $300,000
- Common Stock: $2,500,000
- Retained Earnings: $1,960,000
Prepare a classified balance sheet for Chevron Corporation as of December 31, 2023.
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