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Exercise 5-11 Presented below is the adjusted trial balance of Concord Corporation at December 31, 2017. Debit Credit Cash Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment

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Exercise 5-11 Presented below is the adjusted trial balance of Concord Corporation at December 31, 2017. Debit Credit Cash Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Trademarks Accounts Payable Salaries and Wages Payable Unearned Service Revenue Bonds Payable (due 2024) Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Insurance Expense Rent Expense Interest Expense 1,460 1,260 48,260 $ 4,260 1,210 10,260 760 2,260 9,260 10,260 25,260 10,260 9,260 1,660 1,460 1,160 Total Additional information: 1. Net loss for the year was $3,280. 2. No dividends were declared during 2017. Prepare a classified balance sheet as of December 31, 2017. (List Current Assets in order of liquidity.)

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