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Prepare a classified balance sheet that includes the correct balance for Cash. Land must be entered as the first fixed asset. Be sure to complete
Prepare a classified balance sheet that includes the correct balance for Cash. Land must be entered as the first fixed asset. Be sure to complete the statement heading. Refer to the Instructions and the list of Labels and Amount Descriptions for the exact wording of text entries. Negative amounts should be indicated by a minus sign. You will not need to enter colons (:) or the word "Less" on the balance sheet; they will automatically insert where necessary.
Labels | |
Current assets | |
Current liabilities | |
Expenses | |
For the Year Ended June 30, 2018 | |
June 30, 2018 | |
Property, plant, and equipment | |
Revenues | |
Amounts Descriptions | |
Book value-equipment | |
Decrease in retained earnings | |
Increase in retained earnings | |
Less dividends | |
Net income | |
Net loss | |
Plus dividends | |
Retained earnings, December 1, 2015 | |
Retained earnings, June 30, 2018 | |
Total assets | |
Total current assets | |
Total expenses | |
Total liabilities | |
Total liabilities and stockholders equity | |
Total property, plant, and equipment | |
Total stockholders equity |
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