The following information is available for Dubai Falony Company for the year ended December 31, 2023: Accounts payable Notes payable (due in 3 months) Unearned service revenue Cash $ 8,600 9,000 1,800 50,600 Short-term investments 5,000 Equipment 17,400 Long-term investments 11,400 Inventory 6,000 Supplies 4,200 Accumulated depreciation-equipment 10,000 Owner's capital ??? Notes payable (due in 5 years) Intangible assets Accounts receivable Prepaid insurance Instructions Use the above information to prepare a classified balance sheet for the year ended December 31, 2023. 5,000 13,000 3,800 800

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter12: Intangibles
Section: Chapter Questions
Problem 10MC
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The following information is available for Dubai Falony Company for the year ended December
31, 2023:
Accounts payable
Notes payable (due in 3 months)
Unearned service revenue
Cash
$ 8,600
9,000
1,800
50,600
Short-term investments
5,000
Equipment
17,400
Long-term investments
11,400
Inventory
6,000
Supplies
4,200
Accumulated depreciation-equipment
10,000
Owner's capital
???
Notes payable (due in 5 years)
Intangible assets
Accounts receivable
Prepaid insurance
Instructions
Use the above information to prepare a classified balance sheet for the year ended December
31, 2023.
5,000
13,000
3,800
800
Transcribed Image Text:The following information is available for Dubai Falony Company for the year ended December 31, 2023: Accounts payable Notes payable (due in 3 months) Unearned service revenue Cash $ 8,600 9,000 1,800 50,600 Short-term investments 5,000 Equipment 17,400 Long-term investments 11,400 Inventory 6,000 Supplies 4,200 Accumulated depreciation-equipment 10,000 Owner's capital ??? Notes payable (due in 5 years) Intangible assets Accounts receivable Prepaid insurance Instructions Use the above information to prepare a classified balance sheet for the year ended December 31, 2023. 5,000 13,000 3,800 800
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