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The adjusted trial balance for Culver at December 31, 2019, contains the following accounts. Buildings Accounts Receivable Prepaid Insurance Cash Equipment Land Insurance Expense Depreciation
The adjusted trial balance for Culver at December 31, 2019, contains the following accounts. Buildings Accounts Receivable Prepaid Insurance Cash Equipment Land Insurance Expense Depreciation Expense Interest Expense Debit $127.500 Common Stock 14,200 Retained Earnings 4.800 Accumulated Depreciation-Buildings 19.500 Accounts Payable 62,300 Notes Payable 67,700 Accumulated Depreciation-Equipment 500 Interest Payable 7.300 Service Revenue 2,800 $306,600 Credit $92,100 26,300 42,900 11,100 96,500 17,600 2.500 17,600 $306,600 Prepare a classified balance sheet; assume that $19.500 of the note payable will be paid in 2020. (List Property, plant and equipment in order of land, buildings and equipment. List Current Assets in order of liquidity.) Culver Balance Sheet Assets Liabilities and Stockholders' Equity Liabilities and Stockholders' Equity e Textbook and Media List of Accounts By how much does current assets exceed current liabilities? Current assets exceed current liabilities by $ What percentage of current assets are in the form of cash? (Round answer to 2 decimal places, e.g. 15.25%.) Percentage of current assets are in the form of cash is Determine the company's liquidity. The company's liquidty appears to be
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