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As of December 31, 2020 Assets Finish attempt Current assets Cash $ 0 x $ 0 x X 0 x 0 x X 0X 0
As of December 31, 2020 Assets Finish attempt Current assets Cash $ 0 x $ 0 x X 0 x 0 x X 0X 0 x Question 4 Partially correct Mark 7.00 out of 49.00 Flag question 0 x 0X X 0 x 0 x 0 0 x 0 x OX 0x Accounts receivable Inventory Short-term investments Total current assets . Raw materials Work in process Finished goods Debt sinking fund Total current assets Investments Investments Land held for future plant site Note receivable, 996 Total investments Property, plant, and equipment Net property, plant, and equipment Plant equipment equipment Less: Accumulated depreciation . Other assets Prepaid rent Total current assets Liabilities and Stockholders' Equity Current liabilities Accounts payable Accrued expenses Total current liabilities Long-term liabilities Bonds payable, 896 Stockholders' equity Common stock Retained earnings Total liabilities and stockholders' equity Total stockholders' equity 0 x x 0 x 0 x Preparing a Classified Balance Sheet The ledger of Bama Inc. had the following account balances on December 31, 2020. Accounts payable $53,120 Office equipment $15,200 Accounts receivable 15,200 Raw materials inventory 15,360 Accrued expenses (credit) 1,280 Allowance for bad debts 800 Bonds payable, 8% 40,000 Accumulated depreciation 14,400 Common stock ($100 par) 112,000 Rent expense paid in advance on a short-term lease 4,800 Cash 16,000 Sinking fund to retire long-term debt 11,200 Retained earnings (to be computed) ? Land held for future plant site 22,400 Plant equipment 49,920 Note receivable, 9%, due 2022 10,798 Finished goods inventory 20,960 Work in process inventory 37,280 Investments* 20,800 *Of the balance in the investments account, $6,400 will be converted to cash in the coming ye Required Prepare a classified balance sheet for Bama Inc. on December 31, 2020. Do not use negative signs with any of your answers. List investments in the order of the largest dollar amount to the smallest dollar amount. $ $ 0x Ox Ox 0x 0x 0 x $
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