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JPMorgan Chase & Co. has the following balances as of December 31, 2023: Cash: $900,000 Accounts Receivable: $1,800,000 Prepaid Insurance: $250,000 Equipment: $7,000,000 Accumulated Depreciation:
JPMorgan Chase & Co. has the following balances as of December 31, 2023:
- Cash: $900,000
- Accounts Receivable: $1,800,000
- Prepaid Insurance: $250,000
- Equipment: $7,000,000
- Accumulated Depreciation: $3,000,000
- Accounts Payable: $1,200,000
- Salaries Payable: $250,000
- Common Stock: $2,200,000
- Retained Earnings: $1,760,000
Prepare a classified balance sheet for JPMorgan Chase & Co. as of December 31, 2023.
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