Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 07 Feb 2018 My Price 5.00

Flip Company

Question 2: Suggested time 15 minutes: 15% points:

The following items were taken from the post adjusted trial balance of Flip Company. (All balances are normal.)

 

Mortgage payable $ 1,443 Accumulated depreciation 3,655

Prepaid expenses 880 Accounts payable 1,444

Equipment 11,000 Notes payable after 2015 1,200

Long-term investments 1,100 Flip's capital 13,480

Short-term investments 3,690 Accounts receivable 1,696

Notes payable in 2014 1,000 Inventories 1,756

Cash 2,100

Instructions: Prepare a classified balance sheet in good form as of December 31, 2013.

 

 
 

Answers

(5)
Status NEW Posted 07 Feb 2018 08:02 PM My Price 5.00

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