The trial balance for K and J Nursery, Inc., listed the following account balances at December 31,
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The trial balance for K and J Nursery, Inc., listed the following account balances at December 31, 2021, the end of its fiscal year: cash, $27,000; accounts receivable, $22,000; inventory, $36,000; equipment (net), $91,000; accounts payable, $25,000; salaries payable, $10,500; interest payable, $6,500; notes payable (due in 18 months), $41,000; common stock, $72,000. Prepare a classified balance sheet for K and J Nursery, Inc. The equipment originally cost $170,000. (Amounts to be deducted should be indicated by a minus sign.)
Related Book For
Intermediate Accounting
ISBN: 978-0077400163
6th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
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