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Assume that Dennis Savard Inc. has the following accounts at the end of current year. 1- common stock 2- discount on bonds payable 3- treasury
Assume that Dennis Savard Inc. has the following accounts at the end of current year. 1- common stock 2- discount on bonds payable 3- treasury stock (at cost) 4- notes payable, short term 5- raw materials 6- preferred stock investments long-term 7- unearned rent revenue 8- work in progress 9- copyrights 10- buildings 11- notes receivable (short-term) 12- cash 13- accrued salaries payable 14- accumulated depreciation-buildings 15- cash restricted for plant expansion 16- land held for future plant site 17- allowance for doubtful accounts / accounts receivable 19- premium on common stock 20- unearned subscriptions revenue 21- receivables - officers (due in one year) 22- finished goods 23- accounts receivable 24- bonds payable (due in 4 years) Directions: Prepare a classified balance sheet in good form (no monetary amounts are necessary)
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