Classified Balance Sheet-four (4) questions Instructions: Please prepare a Classified Balance Sheet on your scratch paper based on the following Partial Adjusted Trial Balance. Use this Classified Balance Sheet to answer this question and the next three (3) questions. Question: Based on the Partial Trial Balance and Additional Info shown below, what is the amount of the Total Current Assets shown on the Classified Balance Sheet you prepared on your scratch paper? Credit Adjusted Trial Balance December 31, 20xx Accounts Debit Cash $25,146 Accounts Receivable 50,504 Inventory 100,000 Supplies 4,151 Equipment 50,000 Building 150,000 Accumulated Depreciation Accounts Payable Deferred Revenue Current Portion Long-term Debt Long-term Debt Bonds Payable Common Stock Treasury Stock Retained Earnings Dividends 10,000 Service Revenue Cost of Goods Sold 75,146 Supplies Expense 5,000 Rent Expense 20,000 Utilities Expense 5,000 Depreciation Expense 9,000 Interest Expense 1,000 Income Tax Expense 6,000 $ 50,000 25,146 25,504 10,000 50,151 75,000 25,000 50,000 200,146 150,000 $ 50,000 25,146 25,504 10,000 50,151 75,000 25,000 Building Accumulated Depreciation Accounts Payable Deferred Revenue Current Portion Long-term Debt Long-term Debt Bonds Payable Common Stock Treasury Stock Retained Earnings Dividends Service Revenue Cost of Goods Sold Supplies Expense Rent Expense Utilities Expense Depreciation Expense Interest Expense Income Tax Expense 50,000 10,000 200,146 75,146 5,000 20,000 5,000 9,000 1,000 6,000 Additional Information: Net Income After-taxes for the Accounting Period equaled $79,000 Beginning Balance of Common Stock on 1/1/20xx $25.000 Beginning Balance of Retained Earnings on 1/1/20xx $50.000 No new stock was issued during the accounting period. Fill in the blank with your calculated number. DO NOT include commas, $ signs, period, decimal points, etc., just enter the raw number. For example, if you calculated the answer to be $24,123 you would only input: 24123 Webcourses will add commas to your answer. Question 38 4.5 pts Classified Balance Sheet Question: Based on the Classified Balance Sheet you prepared on your scratch paper, what is amount of the Total Long-term Assets shown on the Classified Balance Sheet you prepared on your scratch paper? Fill in the blank with your calculated number. DO NOT include commas, $ signs, period, decimal points, etc., just enter the raw number. For example, if you calculated the answer to be $24,123 you would only input: 24123 Webcourses will add commas to your answer Question 39 4.3 pts Classified Balance Sheet Question: Based on the Classified Balance Sheet you prepared on your scratch paper, what is amount of the Total Current Liabilities shown on the Classified Balance Sheet you prepared on your scratch paper? Fill in the blank with your calculated number. DO NOT include commas, $ signs, period, decimal points, etc., just enter the raw number. For example, if you calculated the answer to be $24,123 you would only input: 24123 Webcourses will add commas to your answer. Question 40 Classified Balance Sheet Question: Based on the Classified Balance Sheet you prepared on your scratch paper, what is amount of the Total Stockholders' Equity shown on the Classified Balance Sheet you prepared on your scratch paper? Fill in the blank with your calculated number. DO NOT include commas, $ signs, period, decimal points, etc., just enter the raw number. For example, if you calculated the answer to be $24,123 you would only input: 24123 Webcourses will add commas to your
