Assets Long-Term Investment in Stocks Notes Receivable (due in 3 years) Land Prepaid Expense Land (used in operations): $114,000 Cash Sunnli Long-Term investment in Stacles Notes Recelvable (due in 3 years) Long-Term Investment in Stocks: $36,000 Prepaid Expenses Accounts Receivable Cash Supplies KE Notes Receivable Nin 2 years Notes Receivable (due in 3 years): $26,000 Prepaid Expenses ceivable Cash Prepaid Expenses Accounts Receivable: $24,000 Accounts R Supplies Cash: $26,000 Receivable Supplies Intangible Assets Prepaid Expenses: $10,800 Supplies Cash Supplies Supplies: $10,200 tangible Assets Trucks Intangible Assets Intangible Assets: $15,000 Inventory: $55,000 L. Trucks: $46,000 Accumulated Depreciation: $12,000 Next > Liabilities & Equity Accounts Payable Accounts Payable: $62,000 Wages Payable 1 1 Interest Payable Notes Payable (due in 9 years) ortgage Payable (due in 20 years) J. Carter, Capital $0 $25,000 $50,000 $75,000 $100,000 $125,000 ayable 1 ayable 1 ayable Wages Payable: $21,000 years) years) apital $0 $25,000 $50,000 $75,000 $100,000 $ ayable Wages Payable Interest Payable Interest Payable: $24,000 (due in 9 years) Jue in 20 years) Carter, Capital $0 $25,000 $50,000 $75,000 $100,01 Wages Payable Interest Payable ayable (due in 9 years) Notes Payable (due in 9 years): $34,000 -able (due in 20 years) J. Carter, Capital $0 $25,000 $50,000 $75,000 LDL rs) rs) Mortgage Payable (due in 20 years) $84,000 $0 $25,000 $50,000 $75,000 $100,000 Sle (due in 9 years) (due in 20 years) J. Carter, Capital $0 $25 J. Carter, Capital: $126,000 75,000 $100,0 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the total amount reported for plant assets on the balance sheet. Total plant assets Tableau DA 4-2: Exerclse, Preparing a post-closing trial balance 1. Prepare a post-closing trial balance at its December 31 year-end. (Hint: remember to include accumulated depreciation - trucks.) JISKO Post-Closing Trial Balance December 31 Debit Credit 2. Prepare the current assets section of its December 31 year-end balance sheet. JISKO Balance Sheet December 31 Assets Current assets $ 0 Total current assets Check 1. Prepare a classified balance sheet at its December 31 year-end. (Hint: remember to include accumulated depreciation - trucks.) 2. Assume the company had a notes receivable of $2,000 that was to be collected within 3 months, how would it be reported on a classified balance sheet? 3. Assume Land reported in the company's accounting system is not used in operations, and is instead being held for future expansion. How should this account be reported on the balance sheet? Complete this question by entering your answers In the tabs below. Req 1 Req 2 and 3 Prepare a classified balance sheet at its December 31 year-end. (Hint: remember to include accumulated depreciation - trucks.) JISKO Balance Sheet December 31 Assets JISKO Balance Sheet December 31 Assets 0 Total current assets Long-term investments 0 Total long-term investments Plant assets 0 Total long-term investments Plant assets 0 0 Total plant assets 0 Total assets $ LA 0 Liabilities 0 Total current liabilities Total assets 0 Liabilities Total current liabilities 0 0 Total long-term liabilities Total liabilities Equity $ 0 Total liabilities and equity Rea 2a Req 1 Req 2 and 3 2. Assume the company had a notes receivable of $2,000 that was to be collected within 3 months, how would it be reported on a classified balance sheet? 3. Assume Land reported in the company's accounting system is not used in operations, and is instead being held for future expansion. How should this account be reported on the balance sheet? Show less A: 2 How would it be reported on a classified balance sheet? How should this account be reported on the balance sheet? 3.