3.1.pdf - Assignment Print View Score 50/50 Points 100

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1/23/2018Assignment Print View1/6Score:50/50Points100%
1/23/2018Assignment Print View2/61.Award: 16.66 out of 16.66 pointsThe following is a December 31, 2018, post­closing trial balance for Culver City Lighting, Inc.Account TitleDebitsCreditsCash68,000Accounts receivable52,000Inventories58,000Prepaid insurance28,000Equipment120,000Accumulated depreciation—equipment47,000Patent, net53,000Accounts payable18,500Interest payable8,500Note payable (due in 10, equal annual installments)140,000Common stock83,000Retained earnings82,000Totals379,000379,000Prepare a classified balance sheet for Culver City Lighting, Inc.(Amounts to be deducted should beindicated by a minus sign.)
1/23/2018Assignment Print View3/6CULVER CITY LIGHTING, INC.

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