Accum. Deerec.- Build. Buildings Instructions Pre pare a Classified balance Sheet in good form. Common Stock authorized was 4o0,000 Shares, and Preferred Stock quthorized was 201000 Shares. Assume that notes receiv. and notes PaY. are Short term, unless stated otherwise Cost and fair ralue of debt ivest. (trading) are the same.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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P5.2(102) (Balance sheet Preparation)
Presented beloW are a number of balance sheet; idems
for Montoya, Inc. for the Curment Yeag 2020 triA!
Payroll taxes Pa
ज्व
Discount on bonds Pay.
Tod spung
puby
Notes Receiv.
Notes PaY (Ho banks)
Accounts Pay
R२Aalned ९anlin) S
Income taxes receiv.
30
Notes Pay. Clong-term)
Accum. Deprec.- Equip.
239,800
Rent Pay. (Short-term)
Income taxes PaYe
98,362
480,000
Rent Pay. Clong-term)
Preferred stock,$20 par value
९c९९०& 9९e०५९९
1,00000
Equip.
Debt Invest. (trading)
Transcribed Image Text:P5.2(102) (Balance sheet Preparation) Presented beloW are a number of balance sheet; idems for Montoya, Inc. for the Curment Yeag 2020 triA! Payroll taxes Pa ज्व Discount on bonds Pay. Tod spung puby Notes Receiv. Notes PaY (Ho banks) Accounts Pay R२Aalned ९anlin) S Income taxes receiv. 30 Notes Pay. Clong-term) Accum. Deprec.- Equip. 239,800 Rent Pay. (Short-term) Income taxes PaYe 98,362 480,000 Rent Pay. Clong-term) Preferred stock,$20 par value ९c९९०& 9९e०५९९ 1,00000 Equip. Debt Invest. (trading)
Accum. Deprec. - Build.
100000
Instructions:
Prepare a Classified balance Sheet in good form.
Common Stock authorized was 400,000 Shares, and Preferred
Stock quthorized was 2ojoo Shares, Assume that notes receive
and notes PaY are Short-term, unless stated otherwise
Cost and fair ralue of debt invest. Ctrading9) are the same.
Transcribed Image Text:Accum. Deprec. - Build. 100000 Instructions: Prepare a Classified balance Sheet in good form. Common Stock authorized was 400,000 Shares, and Preferred Stock quthorized was 2ojoo Shares, Assume that notes receive and notes PaY are Short-term, unless stated otherwise Cost and fair ralue of debt invest. Ctrading9) are the same.
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