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Current Attempt in Progress Presented below are a number of balance sheet items for Wildhorse,...

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Accounting

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Current Attempt in Progress Presented below are a number of balance sheet items for Wildhorse, Inc. for the current year, 2020. Goodwill Payroll Taxes Payable Bonds payable Discount on bonds payable Cash land Notes receivable Notes payable (to banks) Accounts payable Retained earnings Income taxes receivable Notes payable (long-term) $ 128,780 181,371 303,780 15,310 363.780 483.780 449.480 268,780 493,780 Accumulated Depreciation-Equipment Inventory Rent payable (short-term) Income taxes payable Rent payable (long-term) Common stock, $1 par value Preferred stock. $10 par value Prepaid expenses Equipment Debt investments (trading) Accumulated Depreciation-Buildings Buildings $ 292,310 243,580 48,780 102,142 483,780 203,780 153,780 91,700 1,473,780 124.780 270.510 1,643,780 101,410 1.603.780 Prepare a classified balance sheet in good form. Common stock authorized was 400,000 shares, and preferred stocka was 20,000 shares. Assume that notes receivable and notes payable are short-term unless stated otherwise. Cost anc debt investments (trading) are the same. (List Current Assets in order of liquidity List Property Plant and Equipment in orde Building and Equipment.) WILDHORSE, INC. Balance Sheet Assets $

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