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Chevron Corporation has the following balances as of December 31, 2023: Cash: $50,000 Accounts Receivable: $70,000 Prepaid Insurance: $15,000 Equipment: $300,000 Accumulated Depreciation: $45,000 Accounts
Chevron Corporation has the following balances as of December 31, 2023:
- Cash: $50,000
- Accounts Receivable: $70,000
- Prepaid Insurance: $15,000
- Equipment: $300,000
- Accumulated Depreciation: $45,000
- Accounts Payable: $22,000
- Salaries Payable: $20,000
- Common Stock: $150,000
- Retained Earnings: $145000
Prepare a classified balance sheet for Chevron Corporation as of December 31, 2023.
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