Question

Use the following information to prepare a classified balance sheet for Alpha Co. at the end of 2016.
Accounts receivable ..... $26,500
Accounts payable ....... 12,200
Cash ............ 20,500
Common stock ....... 30,000
Land ............ 10,000
Long-term notes payable ..... 17,500
Merchandise inventory ...... 26,300
Retained earnings ........ 23,600


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  • CreatedApril 20, 2015
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