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Part 1 - Balance Sheet - 30 points The following is a December 31, 2018, post-closing trial balance for the Jackson Corporation. Credits Debits 46,000
Part 1 - Balance Sheet - 30 points The following is a December 31, 2018, post-closing trial balance for the Jackson Corporation. Credits Debits 46,000 45,000 81,000 22,000 16,000 5,000 175,000 Account Title Cash Accounts receivable Inventories Prepaid-rent for the next 8 months Marketable-securities (short-term) Allowance for Uncollectible Accounts Machinery Accumulated depreciation machinery Patent (net of amortization) Accounts payable Wages payable Taxes payable Bonds payable (due in 10 years) Common stock Retained earnings Totals $ 17,000 85,000 forgibtes rent Liab. 11,000 7,000 38,000 200,000 160,000 32,000 $ 465,000 na Term -iob $ 465,000 Required: Prepare a classified balance sheet for Jackson Corporation at December 31, 2018. Use the form on the separate sheet
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