Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Balance Sheet without Amounts The following is an alphabetical list of all of White Limnology Company's adjusted trial balance accounts as of December 31, 2016:

Balance Sheet without Amounts

The following is an alphabetical list of all of White Limnology Company's adjusted trial balance accounts as of December 31, 2016:

Accounts Payable Interest Receivable Accounts Receivable Interest Revenue Accrued Pension Cost Investment in Available-for-Sale Securities Accumulated Depreciation: Buildings Land Accumulated Depreciation: Equipment Land for Future Plant Site Accumulated Depreciation: Machinery Loss on Sale of Equipment Additional Paid-in Capital on Common Stock Machinery Additional Paid-in Capital on Preferred Stock Mortgage Payable (20 equal annual payments) Administrative Expenses Notes Payable (short-term) Allowance for Doubtful Accounts Notes Receivable (short-term) Bond Sinking Fund Office Supplies Bonds Payable (due 2022) Patents (net) Buildings Preferred Stock Cash in Bank Premium on Bonds Payable Cash on Hand Prepaid Insurance Cash Surrender Value of Life Insurance Raw Materials Common Stock Retained Earnings Cost of Goods Sold Salaries Payable Deferred Taxes Payable Sales Dividends Payable Selling Expenses Equipment Temporary Investments in Marketable Securities Estimated Warranty (1-year) Obligations Trademarks Finished Goods Treasury Stock (at cost) General Expenses Unearned Rent Income Tax Expense Unrealized Increase in Value of Available-for-Sale Income Taxes Payable Securities Interest Expense Work in Process Interest Payable

Required:

Prepare White Limnology's balance sheet (without amounts) in proper format.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing and Assurance Services A Systematic Approach

Authors: William Messier Jr, Steven Glover, Douglas Prawitt

10th edition

77732502, 978-0077732509

More Books

Students also viewed these Accounting questions

Question

Explain the importance of the purchasing function in organizations.

Answered: 1 week ago

Question

Understand the requirements for diversity management

Answered: 1 week ago

Question

How would a TM strategy help this company?

Answered: 1 week ago

Question

Outline key ideas in human resource accounting

Answered: 1 week ago