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The following selected accounts and their normal balances appear in the ledger of Indian Jones Co. for the year ended December 31, 2019: Cash Notes

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The following selected accounts and their normal balances appear in the ledger of Indian Jones Co. for the year ended December 31, 2019: Cash Notes Receivable Accounts Receivable Interest Receivable Merchandise Inventory Office Supplies Prepaid Insurance Land Store Equipment Accum. Depr.-Store Equipment Office Equipment Accum. Depr.-Office Equipment Accounts Payable Oalaries Payable Unearned Rent Notes Payable - Long Term Indiana Jones, Capital Indiana Jones. Drawing Sales 52,950 40,000 60,880 200 62.150 480 2.650 10.000 27.100 5,700 15,570 4,720 22,420 1,140 1.800 25,000 153,800 18.000 720,185 Sales Returns and Allowances Sales Discounts Cost of Merchandise Sold Sales Salaries Expense Advertising Expense Depr. Expense-Store Equipment Miscellaneous Selling Expense Office Salaries Expense Rent Expense Depr. Expense-Office Equipment Insurance Expense Office Supplies Expense Miscellaneous Adm. Expense Rent Revenue Interest Revenue Interest Expense 6,140 5,790 525,305 60.030 10,860 3,100 630 21,020 8,100 2.490 1,910 610 760 600 3,800 2,440 Instructions 1. Prepare a multiple-step income statement for the year ended December 31, 2019 2. Prepare a statement of owner's equity for the year ended December 31, 2019. 3. Prepare a classified balance sheet as of December 31, assuming that the current portion of the note payable is $5,000

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