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Presented below are a number of balance sheet items for Swifty, Inc. for the current year, 2020. Goodwill $ 128,160 Accumulated Depreciation-Equipment Inventory $ 292,390
Presented below are a number of balance sheet items for Swifty, Inc. for the current year, 2020. Goodwill $ 128,160 Accumulated Depreciation-Equipment Inventory $ 292,390 242,960 Payroll Taxes Payable 180,751 Bonds payable 303,160 Rent payable (short-term) 48,160 Discount on bonds payable 15,390 101,522 Income taxes payable Rent payable (long-term) Cash 363,160 483,160 Land 483,160 Common stock, $1 par value 203,160 Notes receivable 448,860 Preferred stock, $10 par value 153,160 268,160 91,080 Notes payable (to banks) Accounts payable Retained earnings 493,160 1,473,160 ? Prepaid expenses Equipment Debt investments (trading) Accumulated Depreciation-Buildings Buildings 124,160 100,790 270,590 Income taxes receivable Notes payable (long-term) 1,603,160 1,643,160 Prepare a classified balance sheet in good form. Common stock authorized was 400,000 shares, and preferred stock authorized was 20,000 shares. Assume that notes receivable and notes payable are short-term, unless stated otherwise. Cost and fair value of debt investments (trading) are the same. (List Current Assets in order of liquidity. List Property, Plant and Equipment in order of Land, Building and Equipment.)
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