Using the following data, prepare a classified balance sheet for Blanchard Company as of December 31, 20x5.
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Cash
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mce_markernbsp; 200
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Accumulated Depreciation- Building
|
mce_markernbsp; 1,000
|
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Investments in Short-Term Government Securities
|
400
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Franchise
|
1,800
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Accounts Receivable
|
800
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Accounts Payable
|
1,600
|
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Inventory
|
3,000
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Revenues Received in Advance
|
400
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Prepaid Rent
|
100
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Notes Payable (in two years)
|
4,000
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Investment in Land Held for future use
|
2,700
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Common Stock
|
12,000
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Land
|
2,000
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|
|
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Building
|
8,000
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