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Required information [The following information applies to the questions displayed below.] The December 31, 2022, adjusted trial balance for Boomer, Inc. is presented below. Accounts
Required information [The following information applies to the questions displayed below.] The December 31, 2022, adjusted trial balance for Boomer, Inc. is presented below. Accounts Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Depreciation Expense Interest Expense Totals Debit $ 11,700 Credit 147,000 5,700 28,500 370,000 $132,000 11,700 10,700 4,700 37,000 270,000 57,000 470,000 370,000 18,500 37,000 4,700 $993,100 $993,100 3. Prepare a classified balance sheet as of December 31, 2022. Not every line will be used. [Hint: On the balance sheet, enter the ending balance in Retained Earnings from the Statement of SE. Remember that Accumulated Depreciation is a contra/"negative" asset. Amounts to be deducted in the balance sheet should be indicated by a minus sign.]
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