Presented below is a list of accounts in alphabetical order.Accounts Receivable Bond Sinking FundAccumulated Depreciation—BuildingsBonds PayableAccumulated Depreciation—EquipmentBuildingsAccumulated Other Comprehensive IncomeCash (in bank)Advances to EmployeesCash (on hand)Advertising ExpenseCash Surrender Value of Life InsuranceAllowance for Doubtful AccountsCommission ExpenseCommon StockPatentsCopyrightsPayroll Taxes PayableDebt Investments (trading)Pension LiabilityDividends PayablePetty CashEquipmentPreferred StockFreight-InPremium on Bonds PayableGain on Disposal of EquipmentPrepaid RentInterest ReceivablePurchase Returns and AllowancesInventory—BeginningPurchasesInventory—EndingRetained EarningsLandSalaries and Wages Expense (sales)Land for Future Plant SiteSalaries and Wages PayableLoss from FloodSales DiscountsNoncontrolling InterestSales RevenueNotes Payable (due next year)Treasury Stock (at cost)Paid-in Capital in Excess of Par—Preferred StockUnearned Subscriptions RevenueInstructionsPrepare a classified balance sheet in good form. (No monetary amounts are to be shown.)

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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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Question

Presented below is a list of accounts in alphabetical order.

Accounts Receivable		Bond Sinking Fund
Accumulated Depreciation—Buildings	Bonds Payable
Accumulated Depreciation—Equipment	Buildings
Accumulated Other Comprehensive Income	Cash (in bank)
Advances to Employees	Cash (on hand)
Advertising Expense	Cash Surrender Value of Life Insurance
Allowance for Doubtful Accounts	Commission Expense
Common Stock	Patents
Copyrights	Payroll Taxes Payable
Debt Investments (trading)	Pension Liability
Dividends Payable	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

Instructions

Prepare a classified balance sheet in good form. (No monetary amounts are to be shown.)

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