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The following account balances were provided by Adam s Company as of December 3 1 , 2 0 2 2 : Notes receivable - trade
The following account balances were provided by Adams
Company as of December :
Notes receivable trade
Notes payable trade
Income tax payable
Patent
Cash on hand awaiting deposit
Acount receivable trade
Finished goods
Claims receivable
Franchise
Goods in process
Goodwill
Factory supplies
Office supplies
Cash in bank
Sinking fund
Raw materials
Ordinary shares, par P
Time deposit, due in days
Investment in subsidiary
Allowance for doubtful accounts
Land
Withholding tax payable
SSS payable
Accumulated dpreciation building
Accumulated depreciation machinery
Refundable deposit of customers long term
Prepaid insurance
Investment in bonds
Bonds payable
Building
Machinery
Advances to officers collectible in
Share premium
Retianed earnings
Accrued interest on notes receivable
Deferred tax liability
Accounts payable
Trading securities
Cash surrender value
Retained earnings appropriated for contingencies
Warranty payable
Required: Prepare the statement of financial position of Adams
Company as of December with supporting schedule.
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