Preparing a Classified Balance Sheet The following financial data for the Marshall Corporation was collected as of
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Preparing a Classified Balance Sheet The following financial data for the Marshall Corporation was collected as of December 31, 2016. All accounts have normal balances.
Furniture & Equipment $107,000
Accumulated Depreciation $48,800
Cash 50,400
Accounts Receivable 95,200
Common Stock 190,000
Accounts Payable 18,400
Prepaid Insurance 300
Inventory 93,000
Retained Earnings ?
Required Prepare a classified balance sheet as of December 31, 2016. (Do not use negative signs with your answers).
Related Book For
Accounting Tools for Business Decision Making
ISBN: 978-1118096895
6th edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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