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Assume that Denis Savard Inc. has the following accounts at the end of the current year. 1. Common Stock. 14. Accumulated Depreciation-Buildings. 2. Discount on
Assume that Denis Savard Inc. has the following accounts at the end of the current year. 1. Common Stock. 14. Accumulated Depreciation-Buildings. 2. Discount on Bonds Payable. 15. Restricted Cash for Plant Expansion. 3. Treasury Stock (at cost). 16. Land Held for Future Plant Site. 4. Notes Payable (short-term). 17. Allowance for Doubtful Accounts. 5. Raw Materials. 18. Retained Earnings. 6. Preferred Stock Investments (long-term). 19. Paid-in Capital in Excess of Par-Common Stock. 7. Unearned Rent Revenue. Unearned Subscriptions Revenue. 8. Work in Process 21. Receivables-Officers (due in one year). 9. Copyrights. Inventory (finished goods). 10. Buildings. 23. Accounts Receivable. 11. Notes Receivable (short-term). Bonds Payable (due in 4 years). 12. Cash. 25. Noncontrolling Interest 13. Salaries and Wages Payable. 20. 22. 24. Prepare a classified balance sheet in good form. (List Current Assets in order of liquidity. For Land, Treasury Stock, Notes Payable, Preferred Stock Investments, Notes Receivable, Receivables-Officers, Inventory, Bonds Payable, and Restricted Cash, enter the account name only and do not provide the descriptive information provided in the question.) Denis Savard Inc. Balance Sheet December 31, 20- Assets $XXX
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