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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 Vacation Resorts
Required Information [The following Information applies to the questions displayed below.] The following accounts are taken from the financial statements of Paradise Vacation Resorts at June 30, 2019. (Amounts are in millions.) Accounts Payable Accounts Receivable Cash $ 1,770 470 3,950 Common Stock 13,800 Equipment 3,850 Income Tax Expense 470 Interest Expense 220 Notes Payable (long-term) 1,750 Prepaid Rent 1,950 Retained Earnings 4,300 Service Revenue 13,800 Short-Term Investments 8,000 Software 3,400 Required: 1. Prepare a classified balance sheet at June 30, 2019. (Enter your answers in millions (l.e., 10,000,000 should be entered as 10).) PARADISE VACATION RESORTS Balance Sheet (amounts in millions) 0 $ 0
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