Business, 08.10.2019 02:10 Ashwaf23474
The following is a december 31, 2021, post-closing trial balance for the jackson corporation. account title debits credits cash $ 45,000 accounts receivable 39,000 inventory 80,000 prepaid rent (for the next 8 months) 21,000 investment in equity securities (short term) 15,000 machinery 170,000 accumulated depreciation $ 16,000 patent (net) 84,000 accounts payable 10,500 salaries payable 6,500 income taxes payable 37,000 bonds payable (due in 10 years) 190,000 common stock 150,000 retained earnings 44,000 totals $ 454,000 $ 454,000 required: prepare a classified balance sheet for jackson corporation at december 31, 2021, by properly classifying each of the accounts. (amounts to be deducted should be indicated by a minus sign.)
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The following is a december 31, 2021, post-closing trial balance for the jackson corporation. accoun...
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