Use the following selected accounts and amounts with normal balances from Andrea Company's adjusted trial balance to prepare its classified balance sheet at December 31. Accounts payable Land $ 11, 900 Accounts receivable 36, 500 Accumulated depreciation-Machinery 14,950 Notes payable (due in 7 years) 1,650 Long-term investments in bonds 27, 200 Notes receivable (due in 4 years) 25, 200 Merchandise inventory 4,600 Common stock $ 4,650 18, 600 34, 200 8, 300 18, 900 5, 650 25, 200 Cash Salaries payable Retained Earnings Machinery Prepaid insurance ANDREA COMPANY Balance Sheet December 31 Assets
Use the following selected accounts and amounts with normal balances from Andrea Company's adjusted trial balance to prepare its classified balance sheet at December 31. Accounts payable Land $ 11, 900 Accounts receivable 36, 500 Accumulated depreciation-Machinery 14,950 Notes payable (due in 7 years) 1,650 Long-term investments in bonds 27, 200 Notes receivable (due in 4 years) 25, 200 Merchandise inventory 4,600 Common stock $ 4,650 18, 600 34, 200 8, 300 18, 900 5, 650 25, 200 Cash Salaries payable Retained Earnings Machinery Prepaid insurance ANDREA COMPANY Balance Sheet December 31 Assets
Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter16: Financial Statements And Closing Entries For A Corporation
Section: Chapter Questions
Problem 5AP
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![Use the following selected accounts and amounts with normal balances from Andrea Company's adjusted trial balance to prepare its
classified balance sheet at December 31.
Accounts payable
$ 11,900 Accounts receivable
36, 500 Accumulated depreciation-Machinery
14,950 Notes payable (due in 7 years)
1,650 Long -term investments in bonds
27, 200 Notes receivable (due in 4 years)
25, 200 Merchandise inventory
4,600 Common stock
$ 4,650
18,600
34, 200
8, 300
18, 900
5, 650
25, 200
Land
Cash
Salaries payable
Retained Earnings
Machinery
Prepaid insurance
ANDREA COMPANY
Balance Sheet
December 31
Assets](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F97b5df25-1667-438a-b46e-c2a0d1ae7c86%2F5b4cdf50-7834-4be5-9af4-c8921de09328%2Frjzd2pl_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Use the following selected accounts and amounts with normal balances from Andrea Company's adjusted trial balance to prepare its
classified balance sheet at December 31.
Accounts payable
$ 11,900 Accounts receivable
36, 500 Accumulated depreciation-Machinery
14,950 Notes payable (due in 7 years)
1,650 Long -term investments in bonds
27, 200 Notes receivable (due in 4 years)
25, 200 Merchandise inventory
4,600 Common stock
$ 4,650
18,600
34, 200
8, 300
18, 900
5, 650
25, 200
Land
Cash
Salaries payable
Retained Earnings
Machinery
Prepaid insurance
ANDREA COMPANY
Balance Sheet
December 31
Assets
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