Presented below is a list of accounts in alphabetical order.

Accounts Receivable .......................Land

Accumulated Depreciation-Building ....... Land for Future Plant Site

Accumulated Depreciation-Equipment ...............Loss from Flood

Advances to Employee ...............Notes Payable (due next year)

Advertising Expense........................Patents

Allowance for Doubtful Accounts ..............Payroll Taxes Payable

Bonds Sinking Fund ....................Pension Obligations

Bonds Payable ..........................Petty Cash

Buildings .........................Preferred Stock

Cash in Bank ....................Premium on Bonds Payable

Cash on Hand ..........Paid- in capital in Excess of Par- Preferred Stock

Cash Surrender Value of Life Insurance ..............Prepaid Rent

Commission Expense ........................Purchases

Copyrights ...................Purchases Return and Allowances

Common Stock ......................Retained Earnings

Debt Investments (trading) ........................Sales

Dividends Payable .....................Sales Discounts

Equipment .................Salaries and Wages Expense (sales)

Gain on Sale of Equipment ..............Salaries and Wages Payable

Interest Receivable .....................Transportation – in

Inventory- Beginning ..................Treasury Stock (at cost)

Inventory-Ending ..............Unearned Subscriptions Revenue

Instructions:

Prepare a classified balance sheet in good form. (No monetary amounts are to be shown.)