Prepare a classified balance sheet in good form. (No monetary amounts are to be shown.) P5.1 (LO 2) (Preparation of a Classified Balance Sheet, Periodic Inventory) Presented below is a list of accounts in alphabetical order. Accounts Receivable Bond Sinking Fund Accumulated Depreciation-Buildings Accumulated Depreciation-Equipment Accumulated Other Comprehensive Income Advances to Employees Advertising Expense Bonds Payable Buildings Cash (in bank) Cash (on hand) Cash Surrender Value of Life Insurance Allowance for Doubtful Accounts Commission Expense Common Stock Patents Copyrights Debt Investments (trading) Dividends Payable Equipment Freight-In Gain on Disposal of Equipment Interest Receivable Inventory-Beginning Inventory-Ending Land Payroll Taxes Payable Pension Liability Petty Cash Preferred Stock Premium on Bonds Payable Prepaid Rent Purchase Returns and Allowances Purchases Retained Earnings Salaries and Wages Expense (sales) Salaries and Wages Payable Land for Future Plant Site Loss from Flood Sales Discounts Noncontrolling Interest Notes Payable (due next year) Paid-in Capital in Excess of Par-Preferred Stock Sales Revenue Treasury Stock (at cost) Unearned Subscriptions Revenue
Prepare a classified balance sheet in good form. (No monetary amounts are to be shown.) P5.1 (LO 2) (Preparation of a Classified Balance Sheet, Periodic Inventory) Presented below is a list of accounts in alphabetical order. Accounts Receivable Bond Sinking Fund Accumulated Depreciation-Buildings Accumulated Depreciation-Equipment Accumulated Other Comprehensive Income Advances to Employees Advertising Expense Bonds Payable Buildings Cash (in bank) Cash (on hand) Cash Surrender Value of Life Insurance Allowance for Doubtful Accounts Commission Expense Common Stock Patents Copyrights Debt Investments (trading) Dividends Payable Equipment Freight-In Gain on Disposal of Equipment Interest Receivable Inventory-Beginning Inventory-Ending Land Payroll Taxes Payable Pension Liability Petty Cash Preferred Stock Premium on Bonds Payable Prepaid Rent Purchase Returns and Allowances Purchases Retained Earnings Salaries and Wages Expense (sales) Salaries and Wages Payable Land for Future Plant Site Loss from Flood Sales Discounts Noncontrolling Interest Notes Payable (due next year) Paid-in Capital in Excess of Par-Preferred Stock Sales Revenue Treasury Stock (at cost) Unearned Subscriptions Revenue
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Prepare a classified balance sheet in good form. (No
monetary amounts are to be shown.)
P5.1 (LO 2) (Preparation of a Classified Balance Sheet,
Periodic Inventory) Presented below is a list of accounts in
alphabetical order.
Accounts Receivable
Bond Sinking Fund
Accumulated Depreciation-Buildings
Bonds Payable
Accumulated Depreciation-Equipment
Buildings
Cash (in bank)
Cash (on hand)
Accumulated Other Comprehensive Income
Advances to Employees
Advertising Expense
Cash Surrender Value of Life Insurance
Allowance for Doubtful Accounts
Commission Expense
Common Stock
Patents
Copyrights
Debt Investments (trading)
Dividends Payable
Payroll Taxes Payable
Pension Liability
Petty Cash
Equipment
Preferred Stock
Freight-In
Premium on Bonds Payable
Gain on Disposal of Equipment
Prepaid Rent
Interest Receivable
Purchase Returns and Allowances
Inventory-Beginning
Purchases
Inventory-Ending
Retained Earnings
Land
Salaries and Wages Expense (sales)
Land for Future Plant Site
Salaries and Wages Payable
Loss from Flood
Sales Discounts
Noncontrolling Interest
Sales Revenue
Notes Payable (due next year)
Treasury Stock (at cost)
Paid-in Capital in Excess of Par-Preferred Stock
Unearned Subscriptions Revenue
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