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Classified Balance Sheet Listed below are year-end, 12/31/21, account balances (S 000's) taken from the records of XYZ Corporation . XYZ Corporation Adjusted Trial Balance

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Classified Balance Sheet Listed below are year-end, 12/31/21, account balances (S 000's) taken from the records of XYZ Corporation . XYZ Corporation Adjusted Trial Balance December 31, 2021 Debat Credit TOO LID 35 300 BO 330 50 20 Accounts Receivable Building Equipment Cash Invento Land Notes receivable Investments Prepaid reat for the next years) Supplies Trademark Pregaid Insurance for the next 3 years) Accounts payable Accumulated depreciataco-Equipment Accunilated depreciatioc- Buildings Total stockbilder equity Dividende payable Income tax payable Allowance for Doubtful Acoounts Notes pagable Interest payable DU 50 90 620 25 180 1110 $0 go 600 TO 80 Dinidenda payable Income tax payable Allowance for Doubtful Accounts Notes payable Interest payable Deferred reveabe 600 60 160 TOTALS 13,140 3,140 3,140 Additional information and requirements on subsequent page. Additional information (S000's): 1. Land includes land held a possible future plant site $175 and land for the current plant site S125 2. The notes receivable are due in 2023. The balance of $550 includes $30 of accrued interest. The next interest payment is duc in July 2022. 3. Included in the investments are treasury bills of $60 that were purchased in November 2021 and mature in January, 2022; trading securities of S120 which are expected to be sold within the next year. The balance represents securities expected to be held longer than one year. 4. As of 123121. Stockholders' equity has common stock. S200 par value, authorized 300K shares, and issued 100K shares at an average price of $4.50. The remaining balance in stockholders equity is retained camings. 5. The note payable represents a 126 note, with interest paid annually February 28. The note matures in installments of $150 beginning 2/28/ 22. 6. Deferred revenue will be recognized equally over the next 24 months Question Completion Status: next year. The balance represents securities expected to be held longer than one year. 4. As of 12/3121. Stockholders equity has common stock, S2.00 par value authorized 300K shares, and issued 100K shares at an average price of $4.50. The remaining balance in stockholders equity is retained camnings. 5. The note payable represents a 126 note, with interest paid annually February 28. The note matures in installments of $150 beginning 2/28/22. 6. Deferred revenue will be recognized equally over the next 24 months Required: 1.) Prepare a classified balance sheet for XYZ Corporation at December 31, 2021. Complete the questions on the following page about the balance sheet. As of 12/31/21. a. Net accounts receivable b. Total current assets c. Total Long term investment section d Total PP&E section e. Total intangibles section f. Total other assets section E Total Assets h. Total Current Liabilities 1. Total Long-term Liabilities J. Common Stock k Paid in capital in excess of par (APIO) 1. Retained carnings

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