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Suppose the following items (listed in alphabetical order) are taken from the 2022 accounts of Ross Geller Enterprises at January 31, 2022: Required: Prepare a
Suppose the following items (listed in alphabetical order) are taken from the 2022 accounts of Ross Geller Enterprises at January 31, 2022: Required: Prepare a classified balance sheet for Ross Geller Enterprises as of January 31, 2022. (List Current Assets in order of liquidity, as was shown in your textbook and lecture notes.) NOTE: Download and use the attached Excel template to submit your response. You are to enter information only in the shaded boxes, with the grey boxes used to enter account names and amounts, and blue shaded boxes used to enter headings. One the template is completed, save the file and upload the file as an attachment to this question. Save the file using the filename "Geller_1234567", with "1234567" replaced by your student number. Accounts payable 5,000 Accounts receivable 8,500 Accumulated depreciation equipment 3,500 Cash 22,500 Common shares 10,000 Equipment 25,000 Inventory 10,400 Investment in real estate 8,000 Notes payable (repayable January 31, 2025) 18,000 Patents 5,000 Prepaid insurance 5,000 Retained earnings 42,000 Salaries and wages payable 3,600 Unearned revenue 2,300 1 Ross Geller Enterprises 2 Balance Sheet 3 5 Assets 7 8 9 10 11 Total Current Assets 12 13 14 15 16 17 18 19 20 21 Total assets 22 23 Liabilities and shareholders' equity 24 25 26 27 28 Total Current Liabilities 29 30 31 Total liabilities 32 33 34 35 Total shareholders' equity 36 37 Total liabilities and owner's equity B D E F G H
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