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QUESTION 1 From the following information for the current year for Cook Inc., prepare (type) a classified balance sheet in good form including subtotals in

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QUESTION 1 From the following information for the current year for Cook Inc., prepare (type) a classified balance sheet in good form including subtotals in the text box. (Hint: all items may not be used in the space below. Accounts Payable Merchandise Inventory Cash Notes Payable (due in 6 months) Accounts Receivable Common Stock Allowance for Uncollectible Accounts Retained Earnings Equipment Accumulated Depreciation - Equipment Revenue Mortgage Payable Salary Expense $5,000 38,500 1,000 2,500 5,000 12,000 100 21,000 10,000 5,900 15,000 8,000 7,500

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