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Preparing a Classified Balance Sheet From the following accounts, listed...

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Accounting

Preparing a Classified Balance Sheet
From the following accounts, listed in alphabetical order, prepare a classified balance sheet for Oakland Wholesalers as of December 31. All accounts have normal balances.
Accounts Payable $50,000 Inventory $117,000
Accounts Receivable 40,000 Land 39,000
Building 67,000 Mortgage Payable (long term)79,000
Cash 28,000 Office Supplies 1,000
Common Stock 120,000 Retained Earnings ?
Salaries Payable 7,000
OAKLAND WHOLESALERS
Balance Sheet
December 31
Assets Liabilities & Stockholders' Equity
Current Assets: Current Liabilities:
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Inventory Answer
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Long-Term Liabilities:
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Noncurrent Assets: Total Long-term Liabilities: Answer
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Building Answer
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Stockholders' Equity:
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