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ExxonMobil Corporation has the following balances as of December 31, 2023: Cash: $1,300,000 Accounts Receivable: $2,500,000 Prepaid Insurance: $400,000 Equipment: $10,000,000 Accumulated Depreciation: $4,000,000 Accounts
ExxonMobil Corporation has the following balances as of December 31, 2023:
- Cash: $1,300,000
- Accounts Receivable: $2,500,000
- Prepaid Insurance: $400,000
- Equipment: $10,000,000
- Accumulated Depreciation: $4,000,000
- Accounts Payable: $2,000,000
- Salaries Payable: $400,000
- Common Stock: $3,000,000
- Retained Earnings: $2,360,000
Prepare a classified balance sheet for ExxonMobil Corporation as of December 31, 2023.
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