Required Use the following information to prepare a classified balance sheet for Alpha Co. at the...

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Required Use the following information to prepare a classified balance sheet for Alpha Co. at the end of Year 1. Accounts receivable Accounts payable Cash Common stock Land Long-term notes payable Merchandise inventory Retained earnings Assets Current assets Cash Accounts receivable Total current assets. Property, plant and equipment Land Total property, plant and equipment $42,330 9,270 ALPHA CO. Classified Balance Sheet As of December 31, Year 11 Total assets Liabilities and Stockholders' Equity 17,740 42,000 16,000 21,300 29,925 33,425 $ 0 0 0 Assets Current assets Cash Accounts receivable Total current assets Property, plant and equipment Land Total property, plant and equipment Total assets Liabilities and Stockholders' Equity Current liabilities Accounts payable Long-term liabilities Long-term notes payable Total liabilities Stockholders' equity Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity S $ $ 0 0 0 0 0 Required Use the following information to prepare a classified balance sheet for Alpha Co. at the end of Year 1. Accounts receivable Accounts payable Cash Common stock Land Long-term notes payable Merchandise inventory Retained earnings Assets Current assets Cash Accounts receivable Total current assets. Property, plant and equipment Land Total property, plant and equipment $42,330 9,270 ALPHA CO. Classified Balance Sheet As of December 31, Year 11 Total assets Liabilities and Stockholders' Equity 17,740 42,000 16,000 21,300 29,925 33,425 $ 0 0 0 Assets Current assets Cash Accounts receivable Total current assets Property, plant and equipment Land Total property, plant and equipment Total assets Liabilities and Stockholders' Equity Current liabilities Accounts payable Long-term liabilities Long-term notes payable Total liabilities Stockholders' equity Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity S $ $ 0 0 0 0 0

Answer rating: 100% (QA)

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