The following information is available for The Eagles Company for the year ended December 31, 2021: Salaries and wages payable Stock investments (long-term) Accumulated depreciation, building Trade Marks Notes payable (due in 5 years) Common stock Accounts receivable Accounts payable Cash Retained eamings Debt investments (short-term) Land Building Interest Payable 15,000 16,000 25,000 18,000 60,000 40,000 8,000 28,000 12,000 26,000 6,000 32,000 110,000 8,000 Instructions Use the above information to prepare a classified balance sheet for the year ended December 31, 2021

The following information is available for The Eagles Company for the year ended December 31, 2021: Salaries and wages payable Stock investments (long-term) Accumulated depreciation, building Trade Marks Notes payable (due in 5 years) Common stock Accounts receivable Accounts payable Cash Retained eamings Debt investments (short-term) Land Building Interest Payable 15,000 16,000 25,000 18,000 60,000 40,000 8,000 28,000 12,000 26,000 6,000 32,000 110,000 8,000 Instructions Use the above information to prepare a classified balance sheet for the year ended December 31, 2021

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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