Chapter 6, Problem 6.9BE

Classified Balance Sheet, Account Format. Using the information provided in BE6-8 prepare a classified balance sheet using the account format.

BE6-8. 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