Purchased new equipment for $3,200 by issuing a check for $2,000 as a down payment with the balance due in 30 days. Returned damaged supplies and received a $100 cash refund. Purchased supplies for $300 on account. Provided services for $7,300 on credit. Issued a check for $900 to pay a creditor on account. Issued checks for $3,400 to pay the employees their monthly salaries. Issued a check for $300 to pay the monthly telephone bill. Determine the accounts and amounts to be debited and credited for the above transactions for Madison's Clock Repair.

Suppose the following items were taken from the 2017 financial statements of whispering winds corp.. (all dollars are in millions.) common stock $3,230 accumulated depreciation—equipment $3,940 prepaid rent 175 accounts payable 1,560 equipment 6,940 patents 2,270 stock investments (long-term) 670 notes payable (long-term) 780 debt investments (short-term) 1,740 retained earnings 6,175 income taxes payable 150 accounts receivable 1,740 cash 1,290 inventory 1,010 prepare a classified balance sheet in good form as of december 31, 2017. (list current assets in order of liquidity.)