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Create a balance sheet using the following balance sheet as a template. The following information is available for Beth Company at 12/31/2016 230,000 220,000 110,000

image text in transcribedCreate a balance sheet using the following balance sheet as a template.
image text in transcribed
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The following information is available for Beth Company at 12/31/2016 230,000 220,000 110,000 109,600 5,800 400,000 60,000 44,725 10,800 20,000 19,900 42,000 4,500 12,500 55,000 332,600 50,000 155,200 3,600 6,625 262,800 450,000 6.025% Long-Term Note Payable (Only Long Term Portion) Accounts Payable Accounts Receivable Accumulated Depreciation - Building & Equipment Allowance for Doubtful Accounts Buildings and Equipment Capital Stock $2 par, Authorized 100,000 Shares, Issued & Outstanding 30,000 shares Cash on Hand Cash Surrender Value of Life Insurance Policies (Long Term Benefit) Current Installment of Long-Term Debt (6.025% Note) Depreciation Expense Discontinued Operational Loss Dividends Received as Revenue Error in Inventory Pricing in 2012 Goodwill Inventories, at FIFO Cost (with a Market Value of $360,000) Long Term Note Receivable - Advances to Subsidiary Paid-in Capital in Excess of Par Prepaid 6 Months of Rent Real Estate Tax Payable due 3/31/2017 Retained Earnings- Ending 12/31/16 (Adjusted) Sales Sales Returns and Allowances Short Term Investment-US Treasury Bill - "60 Days Duration" Trading-Marketable Securities (Listed at Cost, with a Market Value of $51,800) Uncollectible Account Expense Unearned Revenue - Current Portion 26,000 58,500 12,000 14,500 INSTRUCTIONS: ~Prepare a Classified Balance Sheet showing all necessary information Notes are not required as of 12/31/16. Data listed above are in alphabetical order

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