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The following is a December 31, 2024, post-closing trial balance for the Jackson Corporation. Account Title Cash Accounts receivable Inventory Prepaid rent (for the

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The following is a December 31, 2024, post-closing trial balance for the Jackson Corporation. Account Title Cash Accounts receivable Inventory Prepaid rent (for the next 8 months). Investment in equity securities (short term) Machinery Accumulated depreciation Patent (net) Accounts payable Salaries payable Income taxes payable Bonds payable (due in 10 years) Common stock Retained earnings Totals Required: Debits Credits $ 52,000 46,000 87,000 28,000 22,000 205,000 $ 23,000 91,000 14,000 10,000 44,000 260,000 150,000 30,000 $ 531,000 $ 531,000 Prepare a classified balance sheet for Jackson Corporation at December 31, 2024, by properly classifying each of the accounts Note: Amounts to be deducted should be indicated by a minus sign. JACKSON CORPORATION Prov 5 of Score answer >

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