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Please Show All Work Involved! Thank You! The trial balance for K and J Nursery, Inc., lsted the following account balances at December 31, 2018,
Please Show All Work Involved! Thank You!
The trial balance for K and J Nursery, Inc., lsted the following account balances at December 31, 2018, the end of Its fiscal year: cash, $20,000, accounts recelvable, $15,000; Inventories, $29,000, equipment (net), $84,000; accounts payable, $18,000; wages payable, $7,000; Interest payable, $3,000; note payable (due In 18 months), $34,000; common stock, $58,000. Prepare a classified balance sheet for K and J Nursery, Inc. The equipment originally cost $135,000. (Amounts to be deducted should be Indicated by a mlnus sign.) K AND J NURSERY, INC. Balance Sheet At December 31, 2018Step by Step Solution
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