Question
Arrange the following items in proper balance sheet presentation: (Be sure to list the assets in order of their liquidity. Input all answers as
Arrange the following items in proper balance sheet presentation: (Be sure to list the assets in order of their liquidity. Input all answers as positive values.) Accumulated amortization Retained earnings Cash Bonds payable Accounts receivable Plant and equipment-original cost Accounts payable $300,000 96,000 10,000 136,000 48,000 680,000 35,000 Allowance for bad debts 6,000 Common stock, 100,000 shares outstanding 188,000 Inventory 66,000 Preferred stock, 1,000 shares outstanding 50,000 Marketable securities 20,000 Investments 20,000 Notes payable 33,000 Assets Current Assets (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) Total current assets Other Assets (Click to select) Capital assets: (Click to select) (Click to select) Net plant and equipment Total assets Balance Sheet | | | | | Liabilities and Stockholders' Equity Current Liabilities (Click to select) (Click to select) Total current liabilities Long-term liabilities (Click to select) Total liabilities (Click to select) (Click to select) (Click to select) Shareholders' Equity Total shareholders' equity Total liabilities and shareholders' equity
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