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pleeease help The following is a December 31, 2021, post-closing trial balance for the Jackson Corporation Credits Debito $ 54,000 48,000 89,000 30,000 24,000 215,000
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The following is a December 31, 2021, post-closing trial balance for the Jackson Corporation Credits Debito $ 54,000 48,000 89,000 30,000 24,000 215,000 Account Title Cash Accounts receivable Inventory Prepaid rent (for the next 8 months) Investment in equity securities (short term) Machinery Accumulated depreciation Patent (net) Accounts payable Salaries payable Income taxes payable Bonds payable (due in 10 years) Comon stock Retained earnings Totals $ 25,000 93,000 15,000 11,000 46,000 210,000 170,000 76,000 5553,000 $553,000 Required: Prepare a classified balance sheet for Jackson Corporation at December 31, 2021, by properly classifying each of the accounts. (Amounts to be deducted should be indicated by a minus sign.) JACKSON CORPORATION Balance Sheet At December 31, 2021 Assets Current assets: Total current assets Property, plant, and equipment: Net property, plant, and equipment Intangible assets: Total assets Liabilities and Shareholders' Equity Current liabilities: Total current liabilities Long-term liabilities: Total liabilities Shareholders' equity: Total shareholders' equity Total liabilities and shareholders' equity Step by Step Solution
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