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The following financial data for the Marshall corporation was collected as of December 31, 2013. All accounts have normal balances. prepare classified balance sheet as
The following financial data for the Marshall corporation was collected as of December 31, 2013. All accounts have normal balances.
Furniture & Equipment $98,000 Accumulated Depreciation $39,800 Cash 48,400 Accounts Receivable 97,200 Common Stock 201,000 Accounts Payable 18,400 Prepaid Insurance 1,300 Inventory 92,000 Retained Earnings ? MARSHALL CORPORATION Balance Sheet December 31, 2013 Assets Current Assets: $ Inventory > Total Current Assets Long-term Assets: Less: Accumulated Depreciation Total Long-term Assets Total Assets Liabilities & Stockholders' Equity Current Liabilities: $ Stockholders' Equity Total Stockholders' Equity Total Liabilities and Stockholders' Equity prepare classified balance sheet as of December 31, 2013. Do not use negative signs with your answers
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