Use the following information to prepare a classified balance sheet for Blackmon Co. at the end of
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Question:
- Use the following information to prepare a classified balance sheet for Blackmon Co. at the end of 2014:
- Accounts receivable $36,200
- Accounts payable 12,400
- Cash 29,650
- Common stock 50,000
- Long-term notes payable 45,500
- Merchandise inventory 38,300
- Office equipment 36,400
- Retained earnings 36,250
- Prepaid insurance 3,600
Related Book For
Fundamental financial accounting concepts
ISBN: 978-0078025365
8th edition
Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward
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