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The December 31, 2019, balance sheet accounts of Hitt Company are shown here in alphabetical order: Required: 1. Prepare Hitt's December 31, 2019, balance sheet.
The December 31, 2019, balance sheet accounts of Hitt Company are shown here in alphabetical order: Required: 1. Prepare Hitt's December 31, 2019, balance sheet. HIT COMPANY Balance Sheet December 31, 2019 Assets Current Assets: Cash Marketable securities (short-term) Accounts receivable Less: Allowance for doubtful accounts Inventory Total current assets Property, Plant, and Equipment: Land Buildings Less: Accumulated depreciation-buildinqs Equipment Les5: Accumulated depreciation-equipment Total property, plant, and equipment Intangible Assets: Patents (net) Trademarks Total intanqible assets Total assets Liabilities Current Liabilities: Accounts payable Current taxes pavable 1
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