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need to complete the chart and do the last part!! 7. M2-21 Ordering Current Assets and Current Liabilities within a Classified Balance Sheet [LO 2-4]
need to complete the chart and do the last part!!
7. M2-21 Ordering Current Assets and Current Liabilities within a Classified Balance Sheet [LO 2-4] Charlie's Crispy Chicken (CCC) operates a fast-food restaurant. When accounting for its first year of business, CCC created several accounts Balance Description Account Name Accounts Payable Common Stock Equipment Land Note Payable (long-term) Retained Earnings Supplies Salaries and Wages Payable 2,600Payment is due in 30 days 3,800 Includes cash in register and in bank account 36,000 Stock issued in exchange for owners' contributions 46,000 Includes deep fryers, microwaves, dishwasher, etc 21,900 Held for future site of new restaurant 31,000 Payment is due in six years 3,600 Total earnings through September 30 2,000 Includes serving trays, condiment dispensers, etc. 500 Payment is due in 7 days 1. Using the above descriptions, prepare a classified balance sheet at September 30 CHARLIE'S CRISPY CHICKEN Balance SheetStep by Step Solution
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