Use the following selected accounts and amounts, all with normal balances, to prepare a classified balance sheet at December 31. Building Accumulated depreciation-Building Accounts payable Cash Interest payable Notes payable (due in 5 years) Common stock Accounts receivable Office supplies Salaries payable Retained earnings Balance Sheet December 31 Assets $ 108,000 49,000 12,300 33,800 2,800 17,800 11,600 15,000 2,500 1,800 64,000

Use the following selected accounts and amounts, all with normal balances, to prepare a classified balance sheet at December 31. Building Accumulated depreciation-Building Accounts payable Cash Interest payable Notes payable (due in 5 years) Common stock Accounts receivable Office supplies Salaries payable Retained earnings Balance Sheet December 31 Assets $ 108,000 49,000 12,300 33,800 2,800 17,800 11,600 15,000 2,500 1,800 64,000

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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