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Current Attempt in Progress Presented below are a number of balance sheet items for Shamrock, Inc. for the current year, 2020. $ 292,500 $ 127,730
Current Attempt in Progress Presented below are a number of balance sheet items for Shamrock, Inc. for the current year, 2020. $ 292,500 $ 127,730 180,321 242,530 Goodwill Payroll Taxes Payable Bonds payable Discount on bonds payable Cash 302,730 47,730 101,092 482,730 Land 15,500 362,730 482,730 448,430 267,730 Accumulated Depreciation-Equipment Inventory Rent payable (short-term) Income taxes payable Rent payable (long-term) Common stock, $1 par value Preferred stock, $10 par value Prepaid expenses Equipment Debt investments (trading) Accumulated Depreciation-Buildings Buildings Notes receivable Notes payable (to banks) Accounts payable Retained earnings Income taxes receivable Notes payable (long-term) 492,730 ? 202,730 152,730 90,650 1,472,730 123,730 270,700 1,642,730 100,360 1,602,730 Prepare a classified balance sheet in good form. Common stock authorized was 400,000 shares, and preferred stock authorized was 20,000 shares. Assume that notes receivable and notes payable are short-term, unless stated otherwise. Cost and fair value of debt investments (trading) are the same. (List Current Assets in order of liquidity. List Property, Plant and Equipment in order of Land, Building and Equipment.) SHAMROCK, INC. Balance Sheet Assets $
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