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Plz help me to solve this in detail on 29 te out of question...

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Accounting

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Plz help me to solve this in detail

on 29 te out of question Presented below is information related to Victor Company at December 31, 2019. Assume a tax rate of 30% on all items. Accounts Payable $ 204,975 Income Tax Payable $ 78,000 Accounts Receivable $ 259,200 Interest Payable $ 2,850 Accum. Deprec - Building $ 391,500 Inventory $ 790,125 Additional Paid-In Capital $ 81,900 Land $ 232,500 Allow for Doubtful Accounts $ 3,900 Notes Payable (6 months) $ 96,000 Bonds Payable (due 2025) $ 600,000 Notes Receivable (6 months) $ 69,000 Buildings $ 963,000 Preferred Stock $ 375,000 Cash 85,125 Prepaid Insurance $ 28,125 Common Stock $ 562,500 Salaries and Wages Payable $ 17,100 Copyrights $ 96,450 Supplies $ 18,900 Debt Investments (long-term s 140,700 Trading Securities 36,300 Retained Earnings 5 306,000 Requirements Prepare the asset section of a Classified Balance Sheet for Victor Company Include all headings, subheading. subtotals and totals (with labels) that appear in the asset section of a classified Balance Sheet include the heading of the Balance Sheet itself, but then only include the asset section as requested. $ victor company

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