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Smith Corporation Adjusted Trial Balance December 31,2017 Accounts Debit Credit Cash Accounts Receivable Allowance For Doubtful Accounts Notes Recelvable Inventory Equipment Accumulated Depreciation-Equipment Accounts Payable

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Smith Corporation Adjusted Trial Balance December 31,2017 Accounts Debit Credit Cash Accounts Receivable Allowance For Doubtful Accounts Notes Recelvable Inventory Equipment Accumulated Depreciation-Equipment Accounts Payable Unearned Revenue Bonds Payable (Due in 5 years) Sales Sales Discounts Sales Returns&Allowances Cost of Goods Sold Selling Expense General & Admistrative Expense Interest Expense Income Tax Expense Common Stock Retained Earnings Dividends 70,500 42,500 $ 4,400 45,000 $24,000 $150,000 $90,000 $ 19,800 $80,000 240,500 $4,000 $6,000 $90,000 33,000 $56,000 $4,000 $25,000 $75,175 $15,000 Totals On January 1, 2017, the balance of the Retained Earnings account was $75,175. The company declared and pald cash dividends of $15,000 during the year The company"subject to a tax rate of25% The Allowance for Doubtful Accounts relates to Accounts Recelvable 40% of the Notes Receivable balance is short term. only Prepare the Multiple Step Income Statement, the Statement of Retained Earnings, and the Classified Balance Sheet for Smith Corporation. Use proper format and do not abbreviate

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