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Prepare a classified balance sheet. LO. Please prepare a Multi-Step Income Statement and Classified Balance S the following Adjusted Trial Balance. Adjusted Trial Balance As
Prepare a classified balance sheet.
LO. Please prepare a Multi-Step Income Statement and Classified Balance S the following Adjusted Trial Balance. Adjusted Trial Balance As of 12/31/20xx Accounts R Cog G Re 1So. D Cash Accounts Receivable Prepaid Rent Inventory Building Accumulated Depreciation Deferred Revenue Current Portion Long-term Debt (CPLTD) Long-term Debt (LTD) Common Stock Treasury Stock etained Earnings Dividends Service Revenue Cost of Goods Sold Rent Expense Salaries Expense Depreciation Expense Interest Expense Income Tax Expense Normal Account Balance $15,000 30,500 3,000 35,000 100,000 5,000 10,000 10,000 50,000 60,000 10,000 50,000 1,000 80,000 48,500 3,000 10,000 2,000 3,000 4,000 Step by Step Solution
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