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Use the following information to prepare a classified balance sheet for Alpha Company at the end of Year 1. Accounts receivable $ 41,790 Accounts payable
Use the following information to prepare a classified balance sheet for Alpha Company at the end of Year 1. Accounts receivable $ 41,790 Accounts payable 7,805 Cash 16,820 Common stock 42,000 Land 29,000 Long-term notes payable 21,450 Merchandise inventory 29,925 Retained earnings 46,280
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