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Assume that Pink Company has the following accounts at the end of the current year. 1. Share Capital-Ordinary. 9. Salaries and Wages Payable. 2. Notes
Assume that Pink Company has the following accounts at the end of the current year. 1. Share Capital-Ordinary. 9. Salaries and Wages Payable. 2. Notes Payable (long-term). 10. Accumulated Depreciation-Buildings. 3. Notes Payable (short-term). 11. Land Held for Future Plant Site. 4. Inventories. 12. Retained Earnings. 5. Long-Term Investment in Preference Shares. 13. Share PremiumOrdinary. 6. Copyrights. 14. Unearned Service Revenue. 7. Buildings. 15. Accounts Receivable. 8. Cash. 16. Bonds Payable (due in 4 years). Required Prepare a classified statement of financial position in good form. (No monetary amounts are necessary.)
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