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The CEO of Jisko requests our help in preparing year-end financial reports. The CEO explains that they are having difficulty classifying accounts. The Tableau dashboard
The CEO of Jisko requests our help in preparing year-end financial reports. The CEO explains that they are having difficulty classifying accounts. The Tableau dashboard shows December 31 year-end data from the company's accounting system. asset: land=$114,000;long-term investment in stocks=$36,000;notes receivable(due in 3 years)=526,000:prepaid expenses=$10,800;supplies=$10,200;cash=526,000; account receivable=524,000;trucks=546,000:accumlated depreciation=512,000;intangible assets=515,000;inventory=$55,000; liabilities & equity: accounts payable=562,000;wages payable=521,000;interest payable=$24,000 notes payable(due in 9 years)=534,000;mortgage payable(due in 20 years)=584,000;common stock=569,000; retained earnings =$57,000 1. Prepare a post-closing trial balance at its December 31 year-end. (Hint: remember to include accumulated depreciation - trucks.)
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