Making of classified balance sheet

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Reference no: EM1319567

From the following data, prepare a classified balance sheet for Simon Company at December 31, 2006.

Accounts payable

$ 62,500

Accounts receivable




Owners' equity, 1/1/06




Distributions to owners during 2006






Mortgage payable


Net income for 2006


Owners' equity, 12/31/06


Reference no: EM1319567

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