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These items are taken from the financial statements of Coronado Industries at December 31, 2017. Buildings Accounts receivable Prepaid insurance Cash Equipment Land Insurance expense

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These items are taken from the financial statements of Coronado Industries at December 31, 2017. Buildings Accounts receivable Prepaid insurance Cash Equipment Land Insurance expense Depreciation expense Interest expense Common stock Retained earnings (January 1, 2017) Accumulated depreciation-buildings Accounts payable Notes payable Accumulated depreciation-equipment Interest payable Service revenue $105,800 12,600 3,200 11,840 82,400 61,200 780 5,300 2,600 60,000 40,000 45,600 9,500 93,600 18,720 3,600 14,700 Prepare a classified balance sheet. Assume that $13,600 of the note payable will be paid in 2018. (List current buildings and equipment.) CALCULATOR BACK Prepare a classified balance sheet. Assume that $13,600 of the note payable will be paid in 2018. (List current assets in order of liquidity and properly plant and equipment in order of land, buildings and equipment.) Coronado Industries Balance Sheet December 31, 2017 Assets . 1 + . Liabilities and Stockholders' Equity Liabilities and Stockholders' Equity . 1 . . 7 19 . + Question A

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