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Exercise 2-5 Your answer is partially correct. Try again. These items are taken from the financial statements of Swifty n at December 31, 2017 $86,756
Exercise 2-5 Your answer is partially correct. Try again. These items are taken from the financial statements of Swifty n at December 31, 2017 $86,756 10,332 2,624 9,709 67,568 50,184 Prepaid insurance Equipment Insurance expense Depreciation expense Interest expense Common stock Retained earnings (January 1, 2017) Accumulated depreciation- buildings Accounts payable Notes payable Accumulated depreciation-equipment Interest payable Service revenue 4,346 2,132 49,200 32,801 37,392 7,790 76,752 15,350 2,952 12,054 Prepare a classified balance sheet. Assume that $11,152 of the note payable will be paid in 2018. (List current assets in order of liquidity and property plant and equipment in order of land, buildings and equipment.) Swifty Corporation Balance Sheet December 31, 201 urrent As ccounts Receivab 033 62 otal Current A
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