The December 31, 2021, post-closing trial balance for Strong Corporation is presented below: Accounts Cash, Accounts...
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The December 31, 2021, post-closing trial balance for Strong Corporation is presented below: Accounts Cash, Accounts receivable. Prepaid insurance. Supplies Long-Term Investments Land Buildings Accumulated depreciation Accounts payable Notes payable, due 2022 Interest payable Notes "payable, due 2031 Common stock Retained earnings Totals Debit $ 22,200 22,700 4,900 180,000 52,000 48,000 279,000 $608,800 Credit 90,000 37,800 68,000 12,000 120,000 190,000 91,000 $608,800 Prepare a classified balance sheet for Strong Corporation at December 31, 2021. (Amounts to be deducted should be indicated with a minus sign.) The December 31, 2021, post-closing trial balance for Strong Corporation is presented below: Accounts Cash, Accounts receivable. Prepaid insurance. Supplies Long-Term Investments Land Buildings Accumulated depreciation Accounts payable Notes payable, due 2022 Interest payable Notes "payable, due 2031 Common stock Retained earnings Totals Debit $ 22,200 22,700 4,900 180,000 52,000 48,000 279,000 $608,800 Credit 90,000 37,800 68,000 12,000 120,000 190,000 91,000 $608,800 Prepare a classified balance sheet for Strong Corporation at December 31, 2021. (Amounts to be deducted should be indicated with a minus sign.)
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Corporation at December 31 2021 Strong Corporation Clas... View the full answer
Related Book For
Financial Reporting And Analysis
ISBN: 9781260247848
8th Edition
Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer
Posted Date:
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