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 positive
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$265,000
Retained earnings159,400
Cash16,000
Bonds payable136,000
Accounts receivable55,000
Plant and equipmentoriginal cost720,000
Accounts payable49,000
Allowance for bad debts6,600
Common stock, 100,000 shares outstanding186,000
Inventory80,000
Preferred stock, 1,000 shares outstanding70,000
Marketable securities20,000
Investments24,000
Notes payable43,000
Balance Sheet
AssetsLiabilities and Shareholders Equity
Current Assets: Current Liabilities:
(Click to select) Cash Investments Accounts payable Accumulated amortization Plant and equipment $ (Click to select) Marketable securities Accounts payable Bonds payable Cash $
(Click to select) Investments Accounts payable Preferred stock Plant and equipment Marketable securities (Click to select) Notes payable Preferred stock Interest payable Bonds payable Common stock
(Click to select) Bonds payable Accounts receivable Plant and equipment Investments Retained earnings $
(Click to select) Plant and equipment Less: Accumulated amortization Inventory Investments Less: Allowance for bad debts Total current liabilities
Long-term liabilities
(Click to select) Cash Investments Less: Accumulated amortization Inventory Plant and equipment (Click to select) Common stock Preferred stock Capital paid in excess of par Retained earnings Bonds payable
Total current assets Total liabilities
Other Assets: Shareholders Equity:
(Click to select) Inventory Less: Allowance for bad debts Less: Accumulated amortization Investments Cash (Click to select) Preferred stock Bonds payable Plant and equipment Notes payable
Capital assets: (Click to select) Common stock Bonds payable Plant and equipment Notes payable
(Click to select) Investments Marketable securities Accounts receivable Cash Plant and equipment (Click to select) Accounts receivable Accounts payable Cash Retained earnings Bonds payable
(Click to select) Marketable securities Less: Allowance for bad debts Accounts receivable Bonds payable Less: Accumulated amortization
Net plant and equipment Total shareholders equity
Total assets $ Total liabilities and shareholders equity$
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