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5 Classified Balance She Preparation The following data pertain to a corporation: Cash. $31,200; Investment in Six-Month Government Securities, $16,400; Accounts Receivable, $38,000; Inventory,

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5 Classified Balance She Preparation The following data pertain to a corporation: Cash. $31,200; Investment in Six-Month Government Securities, $16,400; Accounts Receivable, $38,000; Inventory, $40,000; Prepaid Rent, $1,200; Investment in Corporate Securities (long-term), $20,000; Land, $8,000; Building, $70,000; Accumulated Depreciation, Building, $14,000; Equipment, $152,000; Accumulated Depreciation, Equipment, $17,000; Copyright, $6,200; Accounts Payable, $51,000; Revenue Received in Advance, $2,800; Bonds Payable, $60,000; Common Stock, $10 par, 10,000 shares authorized, issued, and outstanding, $100,000; Paid-in Capital in Excess of Par Value, $50,000; and Retained Earnings, $88,200. Prepare a classified balance sheet; omit the heading.

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