Citigroup Inc. has the following balances as of December 31, 2023: Cash: $1,700,000 Accounts Receivable: $3,500,000 Prepaid
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Question:
Citigroup Inc. has the following balances as of December 31, 2023:
- Cash: $1,700,000
- Accounts Receivable: $3,500,000
- Prepaid Insurance: $600,000
- Equipment: $12,000,000
- Accumulated Depreciation: $6,500,000
- Accounts Payable: $3,000,000
- Salaries Payable: $600,000
- Common Stock: $5,000,000
- Retained Earnings: $3,560,000
Prepare a classified balance sheet for Citigroup Inc. as of December 31, 2023.
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