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Prepare the classified balance sheet at december

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Reference no: EM132672398

Consider the following account balances of Evan McGruder, Inc., as of December 31, Year 3:

Accounts Payable $118,480

Retained Earnings 54,900

Equipment 421,800

Notes Payable, due Year 5 343,400

Common Stock 201,000

Accounts Receivable 202,700

Income Tax Payable 3,920

Cash 97,200

Required:

Problem 1: Prepare the classified balance sheet at December 31, Year 3 for Evan McGruder, Inc.

Reference no: EM132672398

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