Homework Ch 3 - Assignment Print View Score http\/ezto.mheducation.com\/hm.tpx?todo=printviewSingle 50\/50 Points 100 1\/5 1 Assignment Print View Award

Homework Ch 3 - Assignment Print View Score...

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9/13/2017 Assignment Print View 1/5 Score: 50/50 Points 100 %
9/13/2017 Assignment Print View 2/5 1.Award: 16.66 out of 16.66 pointsThe following is a December 31, 2013, post-closing trial balance for Culver City Lighting, Inc.Account TitleDebitsCreditsCash63,000 Accounts receivable47,000 Inventories53,000 Prepaid insurance23,000 Equipment110,000 Accumulated depreciation—equipment42,000 Patent, net48,000 Accounts payable16,000 Interest payable6,000 Note payable (due in 10, equal annual installments)140,000 Common stock78,000 Retained earnings62,000 Totals344,000 344,000 Prepare a classified balance sheet for Culver City Lighting, Inc.
9/13/2017 Assignment Print View 3/5 CULVER CITY LIGHTING, INC. Balance Sheet At December 31, 2013 Assets Current assets: Cash $ 63,000 Accounts receivable 47,000 Prepaid insurance 23,000 Inventories 53,000 Total current assets 186,000 Property, plant, and equipment: Equipment $ 110,000 Less: Accumulated depreciation 42,000

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