Dino Company, a merchandising firm, reports the following data as of January 31: Cash $400 Accounts receivable 1,200 Inventory 2,500 Property, plant, and equipment 10,000 Accounts payable 800 Other current liabilities 600 8,000 4,700 Long-term notes payable Stockholders' equity Prepare a classified balance sheet for Dino Company as of January 31. Dino Company Balance Sheet January 31 Assets Current Assets: Accounts receivable Total Current Assets Noncurrent Assets: Total Noncurrent Assets Total Assets < 4 +4 $ Liabilities & Stockholders' Equity Current Liabilities Other current liabilities Total Current Liabilities Noncurrent Liabilities: Total Liabilities < tA Total Liabilities & Stockholders' Equity $

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Dino Company, a merchandising firm, reports the following data as of January 31:
Cash
$400
Accounts receivable
1,200
Inventory
2,500
Property, plant, and equipment 10,000
Accounts payable
800
Other current liabilities
600
8,000
4,700
Long-term notes payable
Stockholders' equity
Prepare a classified balance sheet for Dino Company as of January 31.
Dino Company
Balance Sheet
January 31
Assets
Current Assets:
Accounts receivable
Total Current Assets
Noncurrent Assets:
Total Noncurrent Assets
Total Assets
<
4
+4
$
Liabilities & Stockholders' Equity
Current Liabilities
Other current liabilities
Total Current Liabilities
Noncurrent Liabilities:
Total Liabilities
<
tA
Total Liabilities & Stockholders' Equity $
Transcribed Image Text:Dino Company, a merchandising firm, reports the following data as of January 31: Cash $400 Accounts receivable 1,200 Inventory 2,500 Property, plant, and equipment 10,000 Accounts payable 800 Other current liabilities 600 8,000 4,700 Long-term notes payable Stockholders' equity Prepare a classified balance sheet for Dino Company as of January 31. Dino Company Balance Sheet January 31 Assets Current Assets: Accounts receivable Total Current Assets Noncurrent Assets: Total Noncurrent Assets Total Assets < 4 +4 $ Liabilities & Stockholders' Equity Current Liabilities Other current liabilities Total Current Liabilities Noncurrent Liabilities: Total Liabilities < tA Total Liabilities & Stockholders' Equity $
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