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Please correct ALL answers in RED, accordingly. Thank You! Question 3 of 19 3.63/5 View Policies Show Attempt History Current Attempt in Progress Your answer
Please correct ALL answers in RED, accordingly. Thank You!
Question 3 of 19 3.63/5 View Policies Show Attempt History Current Attempt in Progress Your answer is partially correct. These items are taken from the financial statements of Sunland Company at December 31, 2022 Buildings $99.452 Accounts receivable 11,844 Prepaid insurance 3,008 Cash 11.130 Equipment 77 456 Land 57.528 Insurance expense 733 Depreciation expense 4,982 Interest expense 2.444 56,400 37,600 42.864 8.930 Common stock Retained earnings (January 1 2022) Accumulated depreciation--buildings Accounts payable Notes payable Accumulated depreciation equipment Interest payable Service revenue 87.984 17.597 3.384 13.818 Prepare a classified balance sheet. Assume that $12,784 of the note payable will be paid in 2023 (List Current Assets in order of liquidity and Property. Plant and Equipment in order of Land, Buildings and Equipment.) Question 3 of 19 Step by Step Solution
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