Question
Classified Balance Sheet The Cambridge Company collected the following information for the preparation of its December 31, 2013, classified balance sheet: Accounts Receivable $19,000 Property
Classified Balance Sheet The Cambridge Company collected the following information for the preparation of its December 31, 2013, classified balance sheet:
Accounts Receivable | $19,000 | Property Plant and Equipment | $200,000 |
Cash | 24,000 | Inventory | 65,000 |
Other Current Assets | 34,000 | Other Long-Term Assets | 44,000 |
Accounts Payable | 25,000 | Common stock | 109,000 |
Long-Term Liabilities | 59,000 | Retained Earnings | ? |
Other Current Liabilities | 22,000 |
Prepare a classified balance sheet for Cambridge Company.
Cambridge Company Balance Sheet December 31, 2013 | |||
Assets | Liabilities & Stockholders Equity | ||
Current assets | Current Liabilities | ||
| $ |
| $ |
| $ | 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 Liabilitiesand Stockholders equity | $ |
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