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Classified Balance Sheet The Cambridge Company collected the following information for the preparation of its December 31 classified balance sheet: Accounts receivable Cash $18,000
Classified Balance Sheet The Cambridge Company collected the following information for the preparation of its December 31 classified balance sheet: Accounts receivable Cash $18,000 Property, plant, and equipment $240,000 24,000 Inventory 78,000 Other current assets Accounts payable Long-term liabilities 36,000 Other long-term assets 48,000 25,200 Common stock 12,000 66,000 Retained earnings Other current liabilities 21,600 ? Prepare a classified balance sheet for Cambridge Company. Cambridge Company Balance Sheet December 31 Assets Liabilities & Stockholders' Equity Current Assets: Current Liabilities: Cash v$ 0x Accounts payable Accounts receivable 11 0x Other current liabilities Inventory 01 3 0x Total Current Liabilities 0x 0x 0* Other current assets 0x Noncurrent Liabilities: Total Current Assets Noncurrent Assets: 0x Long-term liabilities Total Liabilities Stockholders' Equity 0x 0x Property plant and equ 0x Common stock 0x Other long-term assets 0x Retained earnings 0x Total Noncurrent Assets 0x Total Stockholders' Equity 0 Total Assets $ 0x Total Liabilities & Stockholders' Equity $ 0x
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