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You have been presented with the following information from the books of Cool Beans Company as of Nov 30, 2011. Use this information to help you complete each of the steps below.;Cash=$4,800;Prepaid Rent=$2000;Accumulated Depreciation Building=$200;Notes Payable=$23,000;Accounts Receivables=$2,600;Furniture=$18,000;Accounts Payable=$18,000;Cool Beans Capital=$35,900;Supplies=$600;Building=$48,000;Salary Payable=$900;Salary Expense=$16,000;Accumulated Depreciation Furniture=$300;Interest Payable=$300;Unearned Service Revenue=$400;Inventory=$3000;Using Excel, prepare a classified balance sheet in account form.;At the bottom of the balance sheet you prepare, answer the following question;What does the completed balance sheet say about the financial health of Cool Beans Company? Explain your reasoning.

 

Paper#76064 | Written in 18-Jul-2015

Price : $22
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