Required Use the following Information to prepare a classified balance sheet for Alpha Company at the end of Year 1. Accounts receivable $ 43,280 Accounts payable Cash Common stock Land Long-term notes payable Merchandise inventory Retained earnings 6,135 17,530 41,000 29,430 22,350 30,550 51,305 Current assets ALPHA COMPANY Classified Balance Sheet As of December 31, Year 1 Total current assets Property, plant and equipment $ ° ° Total property, plant and equipment Total assets $ ° Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Total liabilities Stockholders' equity Total stockholders' equity Total liabilities and stockholders' equity 0 ° $ О

Required Use the following Information to prepare a classified balance sheet for Alpha Company at the end of Year 1. Accounts receivable $ 43,280 Accounts payable Cash Common stock Land Long-term notes payable Merchandise inventory Retained earnings 6,135 17,530 41,000 29,430 22,350 30,550 51,305 Current assets ALPHA COMPANY Classified Balance Sheet As of December 31, Year 1 Total current assets Property, plant and equipment $ ° ° Total property, plant and equipment Total assets $ ° Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Total liabilities Stockholders' equity Total stockholders' equity Total liabilities and stockholders' equity 0 ° $ О

Name: RequiredUse the following Information to prepare a classified balance
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Description: RequiredUse the following Information to prepare a classified balance sheet for Alpha Company at the end of Year 1.Accounts receivable$ 43,280Accounts payable6,135Cash17,530Common stock41,000Land29,430Long-term notes payable22,350Merchandise invento

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Computation.
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