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Taylor Services' financial accounting information for the year ending March 3 1 , 2 0 2 2 is presented below. Assume all accounts have a
Taylor Services' financial accounting information for the year ending March is presented below. Assume all accounts have a normal balance.
The bank loan is payable over years and $ will be paid by March
Required
Prepare a classified balance sheet using the balances listed above.
Do not enter dollar signs or commas in the input boxes. For accumulated depreciation, do not enter a negative sign before the number.
Select accounts according to their classification. If more than one account is used under a classification, enter them in the order of appearance in the list above. For example, if cash and accounts receivable are both
current assets, choose cash for the first drop down menu, and accounts receivable for the second.
CURRENT ASSETS
TOTAL CURRENT ASSETS
PROPERTY, PLANT, AND EQUIPMENT
TOTAL PROPERTY, PLANT, AND EQUIPMENT
TOTAL ASSETS
LIABILITIES
CURRENT LIABILITIES
TOTAL CURRENT LIABILITIES
LONG TERM LIABILITIES
TOTAL LONG TERM LIABILITIES
TOTAL LIABILITIES
OWNERS EQUITY
LIABILITIES AND OWNERS EQUITY
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