These items are taken from the financial statements of Cullumber Company at December 31, 2022. Buildings Accounts receivable Prepaid insurance ...!! Cash Equipment Land Insurance expense Depreciation expense Interest expense Common stock Retained earnings (January 1, 2022) Accumulated depreciation-buildings Accounts payable Notes payable Accumulated depreciation equipment Interest payable Service revenue $88,872 10,584 2,688 9,946 69.216 51,408 655 4,452 2,184 50,400 33,600 38,304 7.980 78,624 15,725 3,024 12,348 Prepare a classified balance sheet. Assume that $11.424 of the note payable will be paid in 2023. (List Current Assets in order of liquie and Property, Plant and Equipment in order of Land, Buildings and Equipment)

These items are taken from the financial statements of Cullumber Company at December 31, 2022. Buildings Accounts receivable Prepaid insurance ...!! Cash Equipment Land Insurance expense Depreciation expense Interest expense Common stock Retained earnings (January 1, 2022) Accumulated depreciation-buildings Accounts payable Notes payable Accumulated depreciation equipment Interest payable Service revenue $88,872 10,584 2,688 9,946 69.216 51,408 655 4,452 2,184 50,400 33,600 38,304 7.980 78,624 15,725 3,024 12,348 Prepare a classified balance sheet. Assume that $11.424 of the note payable will be paid in 2023. (List Current Assets in order of liquie and Property, Plant and Equipment in order of Land, Buildings and Equipment)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Q7
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