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Use the following information to prepare a classified balance sheet for Alpha Co. at the end of Year 1. Accounts receivable $41,850 9,210 17,170
Use the following information to prepare a classified balance sheet for Alpha Co. at the end of Year 1. Accounts receivable $41,850 9,210 17,170 40,000 16,000 Accounts payable h Common stock Land Long-term notes payable Merchandise inventory Retained earnings 21,700 31,400 35,510 ALPHA CO, Classified Balance Sheet As of December 31, Year 1 Assets Current assets Total current assets Property, plant and equipment Total property, plant and equipment Total assets Liabilities and Stockholders' Equity Current liabilities %24 %24 Total current assets $ Property, plant and equipment Total property, plant and equipment Total assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Total liabilities Stockholders' equity Total stockholders' equity 0. Total liabilities and stockholders' equity $ %24 %24
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