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Luk Services' financial accounting information for the year ending August 3 1 , 2 0 2 2 is presented below. Assume all accounts have a
Luk Services' financial accounting information for the year ending August is presented below. Assume all accounts have a normal balance.
The bank loan is payable over years and $ will be paid by August
Required
Prepare a classified balance sheet using the balances listed above.
Do not enter dollar signs or commas in the input boxes. For accumulated depreciation, do not enter a negative sign before the number.
Select accounts according to their classification. If more than one account is used under a classification, enter them in the order of appearance in
the list above. For example, if cash and accounts receivable are both current assets, choose cash for the first drop down menu, and accounts
receivable for the second.
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