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The partial adjusted trial balance for The Cutlery shows the following account balances as at December 31, 2023. 101 106 124 128 141 163 164
The partial adjusted trial balance for The Cutlery shows the following account balances as at December 31, 2023. 101 106 124 128 141 163 164 Accumulated depreciation, office equipment 173 Building 174 Accumulated depreciation, building 183 Land 191 Patent 193 Franchise 201 209 Cash Accounts receivable Spare parts supplies Prepaid insurance Notes receivablea Office equipment 230 251 301 302 Accounts payable Salaries payable Unearned revenue Long-term notes payableb Joanne Cardinal, capital Joanne Cardinal, withdrawals *The note receivable is due to be collected May 1, 2025. b$22,000 of the December 31, 2023, balance in notes payable will be paid during 2024. "Joanne Cardinal, the owner, invested $5,000 during the accounting period. Debit $ 15,000 22,665 5,800 8,700 36,900 12,510 129,000 55,000 11,500 26,000 72.000 Credit $ 2.825 33.000 16,500 26,300 7,600 142,000 104.000 Required Using the information provided above for The Cutlery, 1. Prepare a classified balance sheet at December 31, 2023. For simplicity. The Cutlery lists accounts on the balance sheet in account order. 2. Prepare a statement of changes in equity for the year ended December 31, 2023.
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