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The following is a December 31,2024 , post-closing trial balance for the Jackson Corporation. Required: Prepare a classified balance sheet for Jackson Corporation at December
The following is a December 31,2024 , post-closing trial balance for the Jackson Corporation. Required: 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. \begin{tabular}{|c|c|c|} \hline \multicolumn{2}{|c|}{ Liabilities and Shareholders' Equity } \\ \hline Current liabilities: & & \\ \hline & & \\ \hline & & \\ \hline Total current liabilities & & \\ \hline Long-term liabilities: & & \\ \hline \multicolumn{2}{|l|}{} & \\ \hline Total liabilities & & \\ \hline Shareholders' equity: & & \\ \hline & & \\ \hline Total shareholders' equity & & \\ \hline Total liabilities and shareholders' equity & & 0 \\ \hline \end{tabular}
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