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Adams Co reports the following balance sheet accounts as of December 31 $ Salaries payable Buildings Prepaid rent Merchandise inventory Accounts payable Prepaid insurance Accounts
Adams Co reports the following balance sheet accounts as of December 31 $ Salaries payable Buildings Prepaid rent Merchandise inventory Accounts payable Prepaid insurance Accounts receivable 7,100 72,660 8,109 16,20 21.ee 5,260 15,660 D. Adans, Capital Notes payable (due in 9 years) Office supplies Land Accumulated depreciation-Building Mortgages payable (due in 5 years) Cash $82,00 52.000 4.200 44.000 7,200 38.ee Required: Prepare a classified balance sheet (Amounts to be deducted should be indicated by a minus sign.) ADAMSCO Balance Sheet December 31 Assets Current assets Total current assets Plant assets Total went assets Plant anses Total plant assets Total assets Liabilities Current abilities Total current liabilities Long-term liabilities Total long-term liabilities Total liabilities Equity Total liabilities and equity
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