Intermediate Accounting (2nd Edition)
Intermediate Accounting (2nd Edition)
2nd Edition
ISBN: 9780134730370
Author: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
Publisher: PEARSON
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Chapter 6, Problem 6.8BE

Classified Balance Sheet. Report Format. Bowe Company provided the following list of accounts

Account Debit Credit
Accumulated other comprehensive loss $ 14,900
Current portion of long-term debt $ 45,600
Property, plant, and equipment – net 876,500
Accounts receivable 50,000
Bonds payable, due in 20 years 125,000
Accounts payable 76,500
Additional paid in capital 345,000
Dividends payable 1,200
Merchandise inventory 200,000
Income taxes payable 32,500
Cash 15,325
Notes payable, due in 10 years 9,000
Retained earnings 400,900
Common stock. $1 par value —____ 121,025
Totals $1,156,725 $1,156,725

Prepare a classified balance sheet using the report format.

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Chapter 6 Solutions

Intermediate Accounting (2nd Edition)

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