E 3.04 – Jackson Corporation

Create a classified balance sheet for Jackson Corporation at December 31, by properly classifying each of the accounts.

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Search Terms: accumulated net retained total $ , $, (,) , , debits credits cash $ , account accounts accumulated assets current bonds common income inventory inventory investment machinery patent prepaid required: prepare retained salaries total totals $ , (amounts (due (for (net) (net) (short , a accounts. and assets $, liabilities assets , property, assets: cash assets: patent at balance be by classified classifying corporation corporation balance corporation. current december deducted depreciation depreciation each earnings earnings equipment , intangible equipment: machinery equity equity $, equity , total equity current equity: common following for in indicated is jackson liabilities liabilities , long-term liabilities , shareholders’ liabilities: accounts liabilities: bonds minus months) next of payable payable plant, post-closing properly property, receivable receivable rent securities shareholders' shareholders’ sheet sheet at should sign.) jackson stock stock taxes term) the title to trial years)

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