Intermediate Accounting (2nd Edition)
2nd Edition
ISBN: 9780134730370
Author: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
Publisher: PEARSON
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Textbook Question
Chapter 6, Problem 6.6BE
Classified
Account | Debit | Credit |
$ 300,000 | ||
Bonds payable, due in 20 years | $ 400,000 | |
Investments at fair value (trading) | 58,000 | |
Accounts payable | 175,000 | |
Additional paid-in capital | 587,000 | |
Accumulated other comprehensive loss | 165,300 | |
Current portion of long-term debt | 25,000 | |
Property, plant, and equipment - net | 1,264,500 | |
Dividends payable | 135.000 | |
Merchandise inventory | 254,000 | |
Income taxes payable | 65,800 | |
Cash | 145,000 | |
Notes payable, due in 5 years | 138,500 | |
625,500 | ||
Common stock, $1 par value | — | 35,000 |
Totals | $2,186,800 | $2,186,800 |
Prepare a classified balance sheet for the current year using the report format.
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Chapter 6 Solutions
Intermediate Accounting (2nd Edition)
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