Required Use the following information to prepare a classified balance sheet for Alpha Co. at...
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Accounting
Required Use the following information to prepare a classified balance sheet for Alpha Co. at the end of Year 1. Accounts receivable Accounts payable Cash Common stock Land Long-term notes payable Merchandise inventory Retained earnings $41,110 9,915 14,590 43,000 13,000 21,600 31,450 25,635 ALPHA CO. Classified Balance Sheet As of December 31, Year 1 Assets Current assets Total current assets Property, plant and equipment Current assets Total current assets Property, plant and equipment Total property, plant and equipment Total assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Total liabilities Stockholders' equity Total stockholders' equity Total liabilities and stockholders' equity
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