164. The December 31, 2012, post-closing trial balance for Strong Corporation is presented below: Cash Investments...
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164. The December 31, 2012, post-closing trial balance for Strong Corporation is presented below: Cash Investments Accounts Receivable Prepaid Insurance Supplies Land Buildings Accumulated Depreciation Accounts Payable Notes Payable, due 2013 Interest Payable Notes Payable, due 2025 Common Stock Retained Earnings Totals Debits $ 22,500 55,000 22,500 4,500 100,000 45,000 277,500 Credits 80,000 37,500 65,000 10,000 120,000 150,000 64,500 $527,000 $527,000 Prepare a classified balance sheet for Strong Corporation at December 31, 2012. 164. The December 31, 2012, post-closing trial balance for Strong Corporation is presented below: Cash Investments Accounts Receivable Prepaid Insurance Supplies Land Buildings Accumulated Depreciation Accounts Payable Notes Payable, due 2013 Interest Payable Notes Payable, due 2025 Common Stock Retained Earnings Totals Debits $ 22,500 55,000 22,500 4,500 100,000 45,000 277,500 Credits 80,000 37,500 65,000 10,000 120,000 150,000 64,500 $527,000 $527,000 Prepare a classified balance sheet for Strong Corporation at December 31, 2012.
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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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