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Required information. [The following information applies to the questions displayed below.] The following accounts are taken from the financial statements of Paradise North End
Required information. [The following information applies to the questions displayed below.] The following accounts are taken from the financial statements of Paradise North End Resorts at June 30, 2019. (Amounts are in millions.) Accounts Payable. Accounts Receivable Cash Common Stock Equipment Income Tax Expense Interest Expense Notes Payable (long-term) Prepaid Rent Retained Earnings Service Revenue Short-Term Investments Software $1,590 440 3,000 13,200 3,550 440 190 1,600 1,000 4,000 12,300 7,700 3,100 es Required: 1. Prepare a classified balance sheet at June 30, 2019. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) Current Assets Accounts Receivable Assets PARADISE NORTH END RESORTS Balance Shtet At June 30, 2019 (amounts in millions) Current Liabilities Accounts Payable Liabilities Cashi Prepaid Rent $ 440 3,800 1,800 $ 1,5
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