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The following is a list of balance sheet accounts (in random order) and balances for the National Supply Company. They have been updated as of December 31, 2013. Required:
Prepare a classified balance sheet for National Supply Company at December 31, 2013.
American Society
A broad term referring to the social structure, cultural norms, and collective behavior of people living in the United States.
Preoccupation with Money
The state of being overly concerned or obsessed with acquiring wealth, often at the expense of other values or aspects of life.
Prohibition
The legal act of prohibiting the manufacture, storage, transportation, and sale of alcohol which was in effect in the United States from 1920 to 1933.
Lax Enforcement
Lax enforcement refers to a situation where rules, laws, or regulations are not strictly applied or are inadequately followed by authorities.
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