Spicer Inc. showed the following alphabetized list of adjusted account balances at December 31, 2023. Assume that the preferred shares are non-cumulative. Accounts Payable Accounts Receivable Accumulated depreciation, Equipment Accumulated depreciation, Warehouse Cash Cash Dividends Common Shares Equipment Income Tax Expense Land Notes Payable, due in 2026 Operating Expenses Preferred Shares Retained Earnings Revenue Warehouse $ 24,760 38,200 10,140 20,280 7,400 18,600 102,000 17,400 39,600 107,600 32,600 108,200 38,200 26,720 261,100 118,800 Required: Prepare a classified balance sheet at December 31, 2023. (Enter all amounts as positive values.)
Spicer Inc. showed the following alphabetized list of adjusted account balances at December 31, 2023. Assume that the preferred shares are non-cumulative. Accounts Payable Accounts Receivable Accumulated depreciation, Equipment Accumulated depreciation, Warehouse Cash Cash Dividends Common Shares Equipment Income Tax Expense Land Notes Payable, due in 2026 Operating Expenses Preferred Shares Retained Earnings Revenue Warehouse $ 24,760 38,200 10,140 20,280 7,400 18,600 102,000 17,400 39,600 107,600 32,600 108,200 38,200 26,720 261,100 118,800 Required: Prepare a classified balance sheet at December 31, 2023. (Enter all amounts as positive values.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Spicer Inc. showed the following alphabetized list of adjusted account balances at December 31, 2023. Assume that the
preferred shares are non-cumulative.
Accounts Payable
Accounts Receivable
Accumulated depreciation, Equipment
Accumulated depreciation, Warehouse
Cash
Cash Dividends
Common Shares
Equipment
Income Tax Expense
Land
Notes Payable, due in 2026
Operating Expenses
Preferred Shares
Retained Earnings
Revenue
Warehouse.
$ 24,760
38,200
10,140
20,280
7,400
18,600
102,000
77,400
39,600
107,600
32,600
108,200
38,200
26,720
261,100
118,800
Required:
Prepare a classified balance sheet at December 31, 2023, (Enter all amounts as positive values.)
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