HW3-2.pdf - Assignment Print View Score 50/50 Points 100

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3/8/2018Assignment Print View1/3Score:50/50Points100%
3/8/2018Assignment Print View2/32.Award: 16.66 out of 16.66 pointsThe following is a December 31, 2018, post-closing trial balance for the Jackson Corporation.Account TitleDebitsCreditsCash47,000 Accounts receivable41,000 Inventories82,000 Prepaid rent for the next 8 months23,000 Marketable securities (short term)17,000 Machinery180,000 Accumulated depreciation—machinery18,000 Patent (net of amortization)86,000 Accounts payable11,500 Wages payable7,500 Taxes payable39,000 Bonds payable (due in 10 years)210,000 Common stock100,000 Retained earnings90,000 Totals476,000 476,000 Required:Prepare a classified balance sheet for Jackson Corporation at December 31, 2018. (Amounts to be deducted should beindicated by a minus sign.)Hint #1ReferencesFinancialStatementsLearning Objective: 03-02Identify and describe thevarious asset

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