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15 Using the following data, prepare a classified balance sheet as of December 31, 20x 7, for the Company. There are 2,000 shares of $10
15 Using the following data, prepare a classified balance sheet as of December 31, 20x 7, for the Company. There are 2,000 shares of $10 par value common stock issued and outstanding Accounts Payable Building Not Currently Used Accumulated Depreciation, $1,600 Accounts Receivable 19,000 Cash 3,000 5,200 800 2,000 16,000 15,000 800 Unearned Revenue Equipment Common Stock Retained Earnings Copyright Bonds Payable (due in 20 years) 13,000 8,000 Short-Term Investments 20,000 Land 22,600 Equipment 5,000 Long-Term Investments
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