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Required information On January 1, Year 1, the general ledger of a company includes the following...

Required information On January 1, Year 1, the general ledger of a company includes the following account balances: Accounts Debit Credit Cash $ 25,300 Accounts Receivable 6,700 Supplies 4,600 Land 65,000 Accounts Payable $ 4,700 Common Stock 80,000 Retained Earnings 16,900 Totals $ 101,600 $ 101,600 During Year 1, the following transactions occur: January 2 Purchase rental space for one year in advance, $10,500 ($875/month). January 9 Purchase additional supplies on account, $5,000. January 13 Provide services to customers on account, $27,000. January 17 Receive cash in advance from customers for services to be provided in the future, $5,200. January 20 Pay cash for salaries, $13,000. January 22 Receive cash on accounts receivable, $25,600. January 29 Pay cash on accounts payable, $5,500. 5. Prepare a classified balance sheet as of January 31, Year 1. i just need the classified balance sheet

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ekkarill92 answered 1 year ago
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