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Help answer the following questions. Prepare a classified balance sheet at July 31. (List Current Assets in order of liquidity.) SUNLAND CORPORATION Balance Sheet For
Help answer the following questions.
Prepare a classified balance sheet at July 31. (List Current Assets in order of liquidity.) SUNLAND CORPORATION Balance Sheet For the Year Ended July 31. 2022 v Assets Current Assets Accounts Receivable $ 11,580 Cash 30,800 Total Current Assets Property, Plant and EquipmentCurrent Attempt in Progress These nancial statement items are for Sunland Corporation at year-end. Juli;r 3 1. 2022. Salaries and wages payable 3 3.880 Salaries and wages expense 58.500 Supplies expense 16,600 Equipment 20.300 Accounts payable 4,100 Service revenue 6?,100 Rent revenue 9500 Notes payable [due in 2025) 3.600 Common stock 16,000 Cash 30.800 Accounts receivable 11,580 Accumulated depreciationequipment 7.500 Dividends 4.000 Depreciation expense 5.500 Retained earnings [beginning of the year) 35.600 Liabilities and Stockholders' Equity Current Liabilities Accounts Payable 4,100 Depreciation Expense 5,500 Total Current Liabilities Long-term Liabilities Salaries and Wages Expense Total Liabilities Stockholders' Equity Common Stock 16,000 apter 1 & 2(1).docx A In class Chapter (3...xIsx In class Chapter (2....xIsx A In class Chapter (1....xIsx AStep by Step Solution
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