Intermediate Accounting - Question 5 Chapter 3.pdf - Page 1...

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Assignment Print View Page 1 of3 5. Award: 20.00 points The following is a December 31, 2018, post-closing trial balance for the Jackson Corporation. Account Title Cash Accounts receivable Inventories Prepaid rent for the next 8 months Marketable securities (short term) Machinery Accumulated depreciation-machinery Patent (net of amortization) Accounts payable Wages payable Taxes payable Bonds payable (due in 10 years) Common stock Retained earnings Totals Debits Credits $ 42,000 36,000 77,000 18,000 12,000 155,000 81,000 $ 13,000 9,000 5,000 34,000 160,000 120,000 80,000 $421,000 $421,000 Required: Prepare a classified balance sheet for Jackson Corporation at December 31, 2018. (Amounts be deducted should be indicated by a minus to sign.) http :I I ezto .mheducation. com/hm. tpx?todo=c 15 S inglePrintView&singleQuestionN o=5 .&p... 1 0/26/20 18
Assignment Print View Page 2 of3 JACKSON CORPORATION

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