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Required Use the following information to prepare a classified balance sheet for Alpha Company at the end of Year 1. Accounts receivable Accounts payable
Required Use the following information to prepare a classified balance sheet for Alpha Company at the end of Year 1. Accounts receivable Accounts payable Cash Common stock Land Long-tern notes payable Merchandise inventory Retained earnings sk Current assets Total current assets Property, plant and equipment $ 40,970 6,600 16,450 44,000 29,930 21,050 28,800 44,550 ALPHA COMPANY Classified Balance Sheet As of December 31, Year 1 Total property, plant and equipment Total assets Current liabilities: Liabilities and Stockholders' Equity Long-term babilities Total liabilities Stockholders' equity Total stockholders equity Total lattes and stockholders equity
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