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.)
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.)
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.
| Bond Sinking Fund | ||
| 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 | ||
| Freight-In | Premium on Bonds Payable | |
| Gain on Disposal of Equipment | Prepaid Rent | |
| Interest Receivable | Purchase Returns and Allowances | |
| Inventory—Beginning | Purchases | |
| Inventory—Ending | ||
| 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) | ||
| Paid-in Capital in Excess of Par—Preferred Stock | Unearned Subscriptions Revenue |
Instructions
Prepare a classified
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