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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

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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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
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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