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Part Three. Using the following accounts, prepare a classified balance sheet for J&M Auto Repair, on December 31, 2016. (35 p
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J&M Auto Repair Balance sheet As on December 31, 2016 Current Assets: Cash Short term Investments N/R (due in 10 months) A/RLiabilities and Shareholders Equity Current Liabilities: A/P 20000 50000 10000 80000 Notes payable, (due in 6 months) Salari

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