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1- Prepare a properly classified and labeled balance sheet statement using the items listed below. Accumulated...

1- Prepare a properly classified and labeled balance sheet statement using the items listed below.

Accumulated depreciation.....................................................      960,400

Retained earnings..................................................................      560,000

Cash.......................................................................................      250,140

Bonds payable.......................................................................      240,000

Accounts receivable...............................................................      420,400

Plant and equipment—original cost....................................... 2,998,800

Accruals…………………………………………………….      224,600

Accounts payable...................................................................      314,210

Allowance for bad debts.......................................................        30,334

Common stock, $1 par…....................................................... Calculate this value

Inventory...............................................................................      410,700

Preferred stock, $10 par ........................................................      600,000

Investments in short-term marketable securities....................        90,200

Investments in long-term debt securities...............................      312,340

Notes payable – long term.....................................................       221698

Capital paid in excess of par (common stock) ......................      300,000     

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Current Assets:
Bonds payable                                       240000
Cash             250140
Accruals                                               234600
Inventory            410700
Accounts Payable                               314210
Investmentsin Short term Market secrity   90200
Allowance of bad debts                            30334
Non Current Assets:
Notes payable                                         221698
PPE                                                          2998800
Shareholder's Equity
Accumalated depriciation                            960400
Preferred stock                                     600000
Net Block                                                   2038400
Common Stock                                         1031338
Investments in Long term Sec.                 312340
Capital paid in excess par(Common stock) 300000
Total assets                                              3522180
Retained earnings                                      560000
Total Liabilities                                      3522180

jeff jeffy answered 1 year ago
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