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Prepare a Classified Balance Sheet as of April 30, 2022 You are provided with the following information for Carla Vista Co., effective as of its
Prepare a Classified Balance Sheet as of April 30, 2022
You are provided with the following information for Carla Vista Co., effective as of its April 30, 2022, year-end. Accounts payable Accounts receivable Accumulated depreciation equipment Cash Common stock Cost of goods sold Depreciation expense Dividends Equipment Goodwill Income tax expense Income taxes payable Insurance expense Interest expense Inventory Investment in land Land Mortgage payable (long-term) Notes payable (short-term) Prepaid insurance Retained earnings (beginning) Salaries and wages expense Salaries and wages payable Sales revenue Stock investments (short-term) $ 880 880 660 1,220 17,400 1,070 375 340 2,570 1.600 155 130 340 580 950 14,240 3,000 3,300 60 50 2.000 700 240 4.600 1.200 Step by Step Solution
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