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Preparation of a Classified Balance Sheet The following accounts are taken from the general ledger of Spice Corp. on December 3 1 , its annual

Preparation of a Classified Balance Sheet
The following accounts are taken from the general ledger of Spice Corp. on December 31, its annual year-end.
\table[[Debit Balance Accounts,Credit Balance Accounts],[Cash,$44,000,Mortgage payable (long term),$118,800
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