Below is a list of account titles and balances for Zaldo Investment Corporation as of December...

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Below is a list of account titles and balances for Zaldo Investment Corporation as of December 31, 2023. Accounts Balance Accounts Payable $ 75,900 Accounts Receivable 153,100 Accumulated Depreciation - Buildings 151,700 Accumulated Depreciation - Machinery and Equipment 127,000 Additional Paid in Capital-Common Stocks 662,000 Allowance for Doubtful Accounts 16,500 Buildings 410,000 Cash Funds for Stock Redemption 17,500 Cash in banks 97,300 Cash on hand 9,120 Claim for Income Tax Refund 4,500 Common Stocks, $1 par 50,000 Employee's Income Taxes Withheld 4,780 Income Taxes Payable 29,200 Interest Receivable 900 Interest Payable 5,390 Merchandise Inventory 201,300 Investment Securities (trading) 102,500 Investment in Property for speculation 175,000 Land 188,000 Machinery and Equipment 145,000 Supplies 6,200 Notes Payable (current) 58,260 Prepaid Insurance Notes Payable (due in 2028) Notes Receivable (current) Preferred Stocks, $5 par Retained Earnings (debit balance) Salaries and Wages Payable Instructions: Prepare a properly classified balance sheet as of December 31, 2023. 38,000 22,470 320,000 3,500 11,740 9,400 Below is a list of account titles and balances for Zaldo Investment Corporation as of December 31, 2023. Accounts Balance Accounts Payable $ 75,900 Accounts Receivable 153,100 Accumulated Depreciation - Buildings 151,700 Accumulated Depreciation - Machinery and Equipment 127,000 Additional Paid in Capital-Common Stocks 662,000 Allowance for Doubtful Accounts 16,500 Buildings 410,000 Cash Funds for Stock Redemption 17,500 Cash in banks 97,300 Cash on hand 9,120 Claim for Income Tax Refund 4,500 Common Stocks, $1 par 50,000 Employee's Income Taxes Withheld 4,780 Income Taxes Payable 29,200 Interest Receivable 900 Interest Payable 5,390 Merchandise Inventory 201,300 Investment Securities (trading) 102,500 Investment in Property for speculation 175,000 Land 188,000 Machinery and Equipment 145,000 Supplies 6,200 Notes Payable (current) 58,260 Prepaid Insurance Notes Payable (due in 2028) Notes Receivable (current) Preferred Stocks, $5 par Retained Earnings (debit balance) Salaries and Wages Payable Instructions: Prepare a properly classified balance sheet as of December 31, 2023. 38,000 22,470 320,000 3,500 11,740 9,400

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Here is the properly classified balance sheet for Zaldo Investment Corporation as of December 31 202... View the full answer