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Prepare the classified balance sheet for Alpha Co

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Question - Use the following information to prepare the classified balance sheet for Alpha Co. at the end of Year 1.

Accounts receivable $40,810 Long-term notes payable $22,150

Accounts payable $6,280 Merchandise inventory $29,450

Cash $13,740 Retained earning $21,570

Common stock $45,000

Land $11,000

Reference no: EM132638212

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