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

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Description: Use the following selected accounts and amounts with normal balances from Andrea Company's adjusted trial balance to prepare itsclassified balance sheet at December 31.Accounts payable$ 11,900 Accounts receivable36, 500 Accumulated depreciation-Mach

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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