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Prepare a balance sheet for Chevron Corporation as of August 31, 2025, using the following information: Cash: $800,000 Accounts Receivable: $400,000 Inventory: $300,000 Property, Plant

Prepare a balance sheet for Chevron Corporation as of August 31, 2025, using the following information:

  • Cash: $800,000
  • Accounts Receivable: $400,000
  • Inventory: $300,000
  • Property, Plant & Equipment: $1,500,000
  • Accounts Payable: $200,000
  • Long-term Debt: $700,000
  • Common Stock: $600,000
  • Retained Earnings: $1,500,000

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