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The following information is available for The Eagles Company for the year ended December 31, 2020: Salaries and wages payable 10,000 Stock investments (long-term) 14,000
The following information is available for The Eagles Company for the year ended December 31, 2020: Salaries and wages payable 10,000 Stock investments (long-term) 14,000 Accumulated depreciation, building 15,000 Patents 14,000 Notes payable (due in 5 years) 87,000 Common stock 10,000 Accounts receivable 4,000 Accounts payable 25,000 Cash 10,000 Retained earnings 25,000 Debt investments (short-term) 5,000 Land 25,000 Building 105,000 Interest Payable 5,000 Instructions Use the above information to prepare a classified balance sheet for the year ended December 31, 2020
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