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Coca-Cola Company has the following balances as of December 31, 2023: Cash: $600,000 Accounts Receivable: $900,000 Prepaid Insurance: $120,000 Equipment: $4,500,000 Accumulated Depreciation: $1,800,000 Accounts

Coca-Cola Company has the following balances as of December 31, 2023:

  • Cash: $600,000
  • Accounts Receivable: $900,000
  • Prepaid Insurance: $120,000
  • Equipment: $4,500,000
  • Accumulated Depreciation: $1,800,000
  • Accounts Payable: $700,000
  • Salaries Payable: $160,000
  • Common Stock: $1,400,000
  • Retained Earnings: $1,160,000

Prepare a classified balance sheet for Coca-Cola Company as of December 31, 2023.

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