1-Prepare balance sheet 2- plan assets, total plan assets3-liablities:Total Current liabilities Long-term liablitiesTotal long-term liabilities Total liabilities 4- equity Total liabilities and equity

Check my wor Adams Co. reports the following balance sheet accounts as of December 31. Salaries payable $ 6,000 D. Adams, Capital $ 60,000 Skipped Buildings 55,000 Notes payable (due in 9 years) 30,000 Prepaid rent 7,000 Office supplies 2,000 Merchandise inventory 14,000 Land 22,000 Accounts payable 10,000 Accumulated depreciation-Building 5,000 Prepaid insurance 3,000 Mortgages payable (due in 5 years) 12,000 Accounts receivable 4,000 Cash 16,000 Required: Prepare a classified balance sheet. (Amounts to be deducted should be indicated by a minus sign.) ADAMS CO. Balance Sheet December 31 Assets Current assets Mc Graw Prev 7 16