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2/3/2018Assignment Print View1/33.Award: 1.00 pointThe following is a December 31, 2018, post-closing trial balance for Culver City Lighting, Inc.Account TitleDebitsCreditsCash55,000Accounts receivable39,000Inventories45,000Prepaid insurance15,000Equipment100,000Accumulated depreciation—equipment34,000Patent, net40,000Accounts payable12,000Interest payable2,000Note payable (due in 10, equal annual installments)100,000Common stock70,000Retained earnings76,000Totals294,000294,000Prepare a classified balance sheet for Culver City Lighting, Inc. (Amounts to be deducted shouldbe indicated by a minus sign.)
2/3/2018Assignment Print View2/3$$$$CULVER CITY LIGHTING, INC.Balance SheetAt December 31, 2018AssetsCurrent assetsCash55,000Accounts receivable39,000Inventories45,000Prepaid insurance15,000Total current assets

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