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Please help Exercise 209 The financial statement columns of the worksheet for Booer Company as of December 31, 2020 are as follows: Balance Sheet Cr.
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Exercise 209 The financial statement columns of the worksheet for Booer Company as of December 31, 2020 are as follows: Balance Sheet Cr. Dr. Cr. 8,000 26,000 4,500 7,000 41,000 4,800 BOOER COMPANY Worksheet For the Year Ended December 31, 2020 Income Statement Accounts Dr. Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation Equipment Patents Accounts Payable Notes Payable (due 2024) Owner's Capital Owner's Drawings Service Revenue 26,400 Salaries and Wages Expense 5,200 Depreciation Expense 4,800 Insurance Expense 5,000 Interest Expense 3,500 Totals 18,500 26,400 Net Income 7,900 7,500 22,200 20,000 43,300 4,200 3,500 98,200 90,300 7,900 26,400 26,400 98,200 98,200 Prepare a classified balance sheet for Booer Company. (List current assets in order of liquidity.) BODER COMPANY Balance Sheet Assets Liabilities and Owner's Equity Click if you would like to Show Work for this question: Dean Show WorkStep by Step Solution
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