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A properly classified balance sheet Probl Problem 8-3 (IAA) Relax Company provided the following information for the purpose of presenting the statement of financial position

A properly classified balance sheet

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Probl Problem 8-3 (IAA) Relax Company provided the following information for the purpose of presenting the statement of financial position on Summ on Dec December 31, 2020: 400.000 Accoun Cash 800,000 Accoun Accounts receivable acc 50,000 Allowance for doubtful accounts 1,000,000 Accrue Inventories 500,000 Accrue Land 5,000,000 Autho Building 2,000,000 Buildi Accumulated depreciation-building 3,000,000 Cash Machinery 1,200,000 Cash Accumulated depreciation-machinery Equipment 400,000 Bonds Accumulated depreciation-equipment 100,000 Furni Investment in associate 1,300,000 de Prepaid expenses 100,000 Invent 750,000 Invest Notes payable 350,000 Land Accounts payable Income tax payable 50,000 Defer Accrued expenses Bond 60,000 Mortgage note payable in quarterly installments Notes of P100,000 Notes 2,000,000 Estimated liability for damages Pater 140,000 Retained earnings appropriated for plant expansion Othe 1,000,000 Retained earnings appropriated for contingencies Prep Share capital 100,000 Shar Share premium 3,000,000 Reta Retained earnings unappropriated 300,000 Reta Trademark 1,250,000 Shar Secret processes and formulas 150,000 Sub Bank loan payable - due June 30, 2022 200,000 Unis 500,000 Required: Re Prepare in good form a properly classified statement of Pre financial position on December 31, 2020 with supporting notes and computations. cla pri

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