2-2 Homework_ Chapter 3 (Q2) - 2-2 Homework Chapter 3 Merry...

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11/1/20162-2 Homework: Chapter 31/3The following is a December 31, 2013, post-closing trial balance for the Jackson Corporation.Account TitleDebitsCreditsCash58,000 Accounts receivable52,000 Inventories93,000 Prepaid rent34,000 Marketable securities (short term)28,000 Machinery235,000 Accumulated depreciation—machinery29,000 Patent (net of amortization)97,000 Accounts payable17,000 Wages payable13,000 Taxes payable50,000 Bonds payable (due in 10 years)250,000 Common stock160,000 Retained earnings78,000 Totals597,000 597,000 Required:Prepare a classified balance sheet for Jackson Corporation at December 31, 2013.$0Balance SheetAt December 31, 2013AssetsCurrent assets:Cash58,000Allie SmithMerry FallJane DoeKerry Maywell
11/1/20162-2 Homework: Chapter 32/3$$$$$Accounts receivable

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