Athens, Inc., prepared the following post-closing trial balance at December 31, 2009: Required: Prepare a classified balance

Question:

Athens, Inc., prepared the following post-closing trial balance at December 31, 2009:

Required:
Prepare a classified balance sheet for Athens Inc. at December 31, 2009. Athens reports the three categories of operating assets in separate subsections ofassets.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...