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Use the folloOwIng Information to prepare a classified balance sheet for Alpha Co. at the end of Year 1. Accounts receivable $ 26,500 Accounts payable 12,200 Cash 20,500 Common stock 30,000 Land 10,000 Long term notes payable Merchandise inventory 17,500 26, 300 Retained earnings 2а, 600

Use the folloOwIng Information to prepare a classified balance sheet for Alpha Co. at the end of Year 1. Accounts receivable $ 26,500 Accounts payable 12,200 Cash 20,500 Common stock 30,000 Land 10,000 Long term notes payable Merchandise inventory 17,500 26, 300 Retained earnings 2а, 600

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Total current assets Property, plant and equipment Total property, plant and equipment Total assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Total liabilities Stockholders' equity Total stodkholders equity Total liabilities and stockholders equity
Transcribed Image Text:Total current assets Property, plant and equipment Total property, plant and equipment Total assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Total liabilities Stockholders' equity Total stodkholders equity Total liabilities and stockholders equity
Required Use the followIng Information to prepare a classified balance sheet for Alpha Co. at the end of Year 1. Accounts receivable $ 26, 500 Accounts p-yable 12,200 20,500 Common stock 30,000 Land 10,000 Long term notes payable Merchandise inventory Retained earnings 17,500 26,300 23, 600 ALPHA CO. Classified Balance Sheet As of December 31, Year 1 Assets Current assets Total current assets Property, plant and equipment Total property, plant and equipment Total assets Liabilities and Stockholders' Equity Current liabilities 8 of 20 Next > < Prev
Transcribed Image Text:Required Use the followIng Information to prepare a classified balance sheet for Alpha Co. at the end of Year 1. Accounts receivable $ 26, 500 Accounts p-yable 12,200 20,500 Common stock 30,000 Land 10,000 Long term notes payable Merchandise inventory Retained earnings 17,500 26,300 23, 600 ALPHA CO. Classified Balance Sheet As of December 31, Year 1 Assets Current assets Total current assets Property, plant and equipment Total property, plant and equipment Total assets Liabilities and Stockholders' Equity Current liabilities 8 of 20 Next > < Prev
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