Please help me nAdams Co. reports the following balance sheet accounts as of December 31.SalariespayableBuildingsPrepaid rentMerchandiseinventoryAccountspayablePrepaidinsuranceAccountsreceivableCurrent assets$ 7,80083,800 (due in 9Total plant assetsTotal assetsCurrent liabilities8,80017,600 LandAccumulated28,000 depreciation-Total current assetsPlant assetsAssetsD. Adams,CapitalNotes payableBuildingMortgages6,600 payable (duein 5 years)22,000 CashLiabilitiesyears)OfficesuppliesTotal current liabilitiesLong-term liabilitiesRequired:Prepare a classified balance sheet. (Amounts to be deducted should beindicated by a minus sign.)Total long-term liabilitiesTotal liabilitiesEquityTotal liabilities and equity$ 0$00$ 0$00$96,000066,0005,60058,0008,60048,00052,000

Name: Please help me nAdams Co. reports the following balance sheet accounts
Uploaded: 2024-03-04T10:43:15.000Z
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Description: Please help me nAdams Co. reports the following balance sheet accounts as of December 31.SalariespayableBuildingsPrepaid rentMerchandiseinventoryAccountspayablePrepaidinsuranceAccountsreceivableCurrent assets$ 7,80083,800 (due in 9Total plant assetsT

Balance sheet is a financial statement that shows list of final ending balances of assets,…

Business

Accounting

Adams Co. reports the following balance sheet accounts as of December 31. Salaries payable Buildings Prepaid rent Merchandise inventory Accounts payable Prepaid insurance Accounts receivable $ 7,800 Current assets 83,800 (due in 9 Total plant assets Total assets D. Adams, Capital Notes payable 8,800 17,600 Land Accumulated 28,000 depreciation- years) Office supplies Assets Total current assets Plant assets Building Mortgages 6,600 payable (due in 5 years) 22,000 Cash Liabilities Required: Prepare a classified balance sheet. (Amounts to be deducted should be indicated by a minus sign.) $ 0 $ GA $96,000 0 0 66,000 5,600 58,000 8,600 48,000 52,000