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92,500 Premium on common stocks 16,300 esh ommon stocks, $10 par eferred taxes payable iscount on bonds payable ividends payable inished goods 7,200 Premium on preferred stocks 7,000 44,100 Prepaid insurance 2,500 2,800 Raw materials 10,100 2,500 Retained earnings 28,100 5,600 Unearned rent 5,000 23,800 Unrealized increase in value of available-for-sale stock 2,000 ncome taxes payable 2,700 Wages payable Work in process 8,900 14,700 Lequired: Prepare a properly cassified balance sheet for the Green Manufacturing Company on December 31, 2020.

92,500 Premium on common stocks 16,300 esh ommon stocks, $10 par eferred taxes payable iscount on bonds payable ividends payable inished goods 7,200 Premium on preferred stocks 7,000 44,100 Prepaid insurance 2,500 2,800 Raw materials 10,100 2,500 Retained earnings 28,100 5,600 Unearned rent 5,000 23,800 Unrealized increase in value of available-for-sale stock 2,000 ncome taxes payable 2,700 Wages payable Work in process 8,900 14,700 Lequired: Prepare a properly cassified balance sheet for the Green Manufacturing Company on December 31, 2020.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Solution with the proper order and each category please

Exercise for balance sheet preparation The following is an alphabetical list of the December 31, 2020 balance sheet acccounts for the Green Manufacturing Company. Accounts payable $ 20,900 Interest payable 500 Accounts receivable 15,300 Investment in available-for-sale stock 16,400 Accrued pension cost Accumulated depreciation: buildings Accumulated depreciation: machinery & equipment 13,300 Land 17,000 Machinery & equipment Marketable securities (short-term) 32,400 57,800 30,000 8,400 Allowance for doubtful accounts 1,000 Notes payable (short-term) 5,000 Bond sinking fund 7,700 29,000 92,500 Patents (net) Preferred stock, $100 par 8,600 Bonds payable (due 2024) Buildings 30,000 Premium on common stocks 16,300 Cash I 7,200 Premium on preferred stocks 7,000 Common stocks, $10 par 44,100 Prepaid insurance 2,600 Deferred taxes payabie 2,800 Raw materials 10,100 Discount on bonds payable 2,500 Retained earnings 28,100 Dividends payable 5,600 Unearned rent 5,000 Finished goods 23,800 Unrealized increase in value of available-for-sale stock 2,000 Income taxes payable 2,700 Wages payable Work in process 8,900 14,700 Required: Prepare a properly classified balance sheet for the Green Manufacturing Company on December 31, 2020.
Transcribed Image Text:Exercise for balance sheet preparation The following is an alphabetical list of the December 31, 2020 balance sheet acccounts for the Green Manufacturing Company. Accounts payable $ 20,900 Interest payable 500 Accounts receivable 15,300 Investment in available-for-sale stock 16,400 Accrued pension cost Accumulated depreciation: buildings Accumulated depreciation: machinery & equipment 13,300 Land 17,000 Machinery & equipment Marketable securities (short-term) 32,400 57,800 30,000 8,400 Allowance for doubtful accounts 1,000 Notes payable (short-term) 5,000 Bond sinking fund 7,700 29,000 92,500 Patents (net) Preferred stock, $100 par 8,600 Bonds payable (due 2024) Buildings 30,000 Premium on common stocks 16,300 Cash I 7,200 Premium on preferred stocks 7,000 Common stocks, $10 par 44,100 Prepaid insurance 2,600 Deferred taxes payabie 2,800 Raw materials 10,100 Discount on bonds payable 2,500 Retained earnings 28,100 Dividends payable 5,600 Unearned rent 5,000 Finished goods 23,800 Unrealized increase in value of available-for-sale stock 2,000 Income taxes payable 2,700 Wages payable Work in process 8,900 14,700 Required: Prepare a properly classified balance sheet for the Green Manufacturing Company on December 31, 2020.
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