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Classified Balance Sheet The Cambridge Company collected the following information for the preparation of its December 31, 2013, classified balance sheet: Accounts Receivable $15,000 Property
Classified Balance Sheet The Cambridge Company collected the following information for the preparation of its December 31, 2013, classified balance sheet: Accounts Receivable $15,000 Property Plant and Equipment $212,000 Cash 20,000 Inventory 77,000 Other Current Assets 42,000 Other Long-Term Assets 52,000 Accounts Payable 33,000 Common stock 117,000 Long-Term Liabilities 67,000 Retained Earnings Other Current Liabilities 30,000 Prepare a classified balance sheet for Cambridge Company. CAMBRIDGE COMPANY Balance Sheet December 31, 2013 Assets Liabilities & Stockholders' Equity Current Liabilities: Current Assets: Other Current Liabilities Inventory Total Current Liabilities Total Current Assets Long-term Liabilities Long-term Assets Total Long-term Liabilities Property, Plant and Equipment Total Liabilities Total Long-term Assets Stockholders' Equity- Total Stockholders' Equity Total Assets Total Liabilities and Stockholders Equity
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