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Business, 11.02.2020 18:57 thegoat3180

Charlie's Crispy Chicken (CCC) operates a fast-food restaurant. When accounting for its first year of business, CCC created several accounts Account Name Accounts Payable Balance 3, 100 Payment is due in 30 days Description 3, 600 Includes cash in register and in bank account 38, 000 Stock issued in exchange for owners' contributions 51, 000 Includes deep fryers, microwaves, dishwasher, etc. 24, 400 Held for future site 36, 000 Payment 1s due in s1X years Common Stock Equipment an of new restaurant Notes Payable (long-term) Retained Earnings Salaries and Wages Payable Supplies 4, 100Total earnings through September 30 300 Payment is due in 7 days 2, 500 Includes serving trays, condiment dispensers, etc. Required 1. Using the above descriptions, prepare a classified balance sheet at September 30 2. Calculate CCC's current ratio.

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Charlie's Crispy Chicken (CCC) operates a fast-food restaurant. When accounting for its first year o...
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