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Ch 7 Homework 1 10quirea Use the following information to prepare...

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Accounting

Ch 7 Homework 1
10quirea
Use the following information to prepare a classified balance sheet for Alpha Co. at the end of Year 1.
1
points
\table[[,Long-term notes payable,23,600],[Merchandise inventory,29,400,],[Retained earnings,29,245,]]
References
References
\table[[ALPHA CO.],[Classified Balance Sheet],[As of December 31, Year 1],[Assets,,],[Current assets],[Cash,$,15,630,],[Accounts receivable,41,880,],[Prepaid insurance,-,],[Merchandise inventory,29,245,],[Total current assets,,$86,755
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