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Adams Company reports the following balance sheet accounts as of December 31. Required: Prepare a classified balance sheet. Notes Amounts to be deducted should be
Adams Company reports the following balance sheet accounts as of December 31. Required: Prepare a classified balance sheet. Notes Amounts to be deducted should be indicated by a minus sign. ADAMS COMPANY Balance Sheet December 31 Assets Current assets Plant assets Total plant assets Total assets. Liabilities Current liabilities Total current liabilities \begin{tabular}{|l|l|l|} \hline & & \\ \hline Total plant assets & & \\ \hline Total assets & & \\ \hline & Liabilities & \\ \hline Current liabilities & & \\ \hline Total current liabilities & & \\ \hline Total liabilities and equity & \\ \hline & \\ \hline Toterm liabilities & \\ \hline Total liabilities & \\ \hline & \\ \hline \end{tabular}
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