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Value of assets Land $114000 Inventory $55000 Accounts Receivable $24000 Long-Term Investment in Stocks $36000 Intangible Assets $15000 Cash $26000 Notes Receivable (due in 3
Value of assets
Land $114000
Inventory $55000
Accounts Receivable $24000
Long-Term Investment in Stocks $36000
Intangible Assets $15000
Cash $26000
Notes Receivable (due in 3 years) $26000
Trucks $46000 (Accumulated depreciation $12000)
Prepaid Expenses $10800
Supplies $10200
Liabilities & Equity
Accounts Payable $62000
Wages Payable $21000
Interest Payables $24000
Notes Payable (due in 9 years) $34000
Mortgage Payable (due in 20 years) $84000
J. Carter, Capital $126000
The CEO of Jisko requests our help in preparing year-end financial reports. The CEO explains that they are having difficulty classif arrontc The Tahlea dachhnard chnwc Deremher 31 vear-end data from the romnanv'c arrountinc civatem I iahilitioc & Fnitity Complete this question by entering your answers in the tabs below. Prepare a classified balance sheet at its December 31 year-end. (Hint: remember to include accumulated depreciation trucks.) Complete this question by entering your answers in the tabs below. Assume the company had a notes receivable of $2,000 that was to be collected within 3 months, how would it be reported on a classified balance sheetStep by Step Solution
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