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Business, 11.05.2021 17:20 Ciarrathereal

Adams Co. reports the following balance sheet accounts as of December 31. Salaries payable $ 7,600 Retained earnings $ 66,000 Buildings 80,600 Notes payable (due in 9 years) 62,000 Prepaid rent 8,600 Office supplies 5,200 Merchandise inventory 17,200 Land 54,000 Accounts payable 26,000 Accumulated depreciation-Building 8,200 Prepaid insurance 6,200 Mortgages payable (due in 5 years) 44,000 Accounts receivable 20,000 Cash 48,000 Common stock 26,000 Required: Prepare a classified balance sheet. (Amounts to be deducted should be indicated by a minus sign.)

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Adams Co. reports the following balance sheet accounts as of December 31. Salaries payable $ 7,600 R...

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