The following is a December 31, 2018, post-closing trial balance for the Jackson Corporation. Credits...
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Accounting
The following is a December 31, 2018, post-closing trial balance for the Jackson Corporation. Credits Debits $ 59,000 53,000 94,000 35,000 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 29,000 240,000 $ 30,000 98,000 17,500 13,500 51,000 260,000 170,000 66,000 $608,000 $608,000 Required: Prepare a classified balance sheet for Jackson Corporation at December 31, 2018. (Amounts to be deducted should be indicated by a minus sign.)
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