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Walt Disney Company has the following account balances as of December 31, 2023: Cash: $100,000 Accounts Receivable: $250,000 Prepaid Expenses: $25,000 Equipment: $900,000 Accumulated Depreciation:

Walt Disney Company has the following account balances as of December 31, 2023:

  • Cash: $100,000
  • Accounts Receivable: $250,000
  • Prepaid Expenses: $25,000
  • Equipment: $900,000
  • Accumulated Depreciation: $400,000
  • Accounts Payable: $80,000
  • Notes Payable: $300,000
  • Common Stock: $450,000
  • Retained Earnings: $50,000

Prepare a classified balance sheet for Walt Disney Company as of December 31, 2023.

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