Ch 4: Homework Chec 11 Adams Co. reports the following balance sheet accounts as of December 31. Salar les payable Buildings Prepaid rent Merchandise inventory Accounts payable Prepaid insurance Mecounts receivable Common stock 9.1 points $ 70,000 70,000 6,000 62,000 9.000 52,000 56,000 $ 8,000 Retained earnings 87,000 Notes payable (due in 9 years) 9,000 office supplies 18,000 Land 30,000 Accumulated depreciation-Building 7.000 Mortgages payable (due in 5 years) 24,000 Cash 30,000 Swipoed Required: Prepare a classified balance sheet. (Amounts to be deducted should be indicated by a minus sign.) eBook Print ADAMS CO. Balance Sheet December 31 Assets References Current assets $ Total current assets Plant assets 0 Total plants Total $ 0 Liabilities Current abilities $ Total current Long termas D Equity