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Classified Balance Sheet The Werthman Company collected the following information for the preparation of its December 31, 2013, classified balance sheet: Accounts Receivable $18,000 Property
Classified Balance Sheet The Werthman Company collected the following information for the preparation of its December 31, 2013, classified balance sheet: Accounts Receivable $18,000 Property Plant and Equipment $200,000 Cash 20,000 Inventory 65,000 Other Current Assets 28,000 Other Long-Term Assets 43,000 Accounts Payable 24,000 Common stock 98,000 Long-Term Liabilities 58,000 Retained Earnings ? Other Current Liabilities 21,000 Prepare a classified balance sheet for Werthman Company. WERTHMAN COMPANY Balance Sheet December 31, 2013 Liabilities & Stockholders' Equity Current Liabilities: Assets Current Assets: $ $ - Other Current Liabilities Inventory Total Current Liabilities Total Current Assets Long-term Liabilities A Total Long-term Liabilities Long-term Assets Property, Plant and Equipment Total Liabilities Total Long-term Assets Stockholders' Equity: Total Stockholders' Equity Total Liabilities and Stockholders' Equity $ Total Assets $
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