Jerrison Company operates a wholesale hardware business. The following balance sheet accounts and balances are available for
Jerrison at December 31, 19x3. 

REQUIRED:
Prepare a classified balance sheet for Jerrison Company. lo1

Transcribed Image Text:

Accounts payable Accounts receivable $ 62,100 96,300 Accumulated depreciation, data processing equipment Accumulated depreciation, warehouse 172,400 216,800 Accumulated depreciation, warehouse operations equipment 31,200 Bonds payable (due 19x7) 200,000 Building, warehouse 419,500 Capital stock 250,000 Cash 8,400 Equipment, data processing 309,000 Equipment, warehouse operations 106,100 Income taxes payable 21,600 Interest payable 12,200 Inventory (merchandise) 187,900 Land 41,000 Long-term investments in equity securities 31,900 Notes payable (due 6/1/x4) 50,000 Prepaid insurance (4 months) 5,700 Retained earnings, 12/31/x3 2 Salaries payable Short-term investments in marketable securities 14,400 21.000