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Current Attempt in Progress Presented below are a number of balance sheet items for Ayayai, Inc. for the current year, 2020. $ 292,100 243,970 Goodwill
Current Attempt in Progress Presented below are a number of balance sheet items for Ayayai, Inc. for the current year, 2020. $ 292,100 243,970 Goodwill Payroll Taxes Payable Bonds payable Discount on bonds payable Cash $ 129,170 181,761 304,170 15,100 364,170 484,170 449,870 269,170 494,170 Land 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) 49,170 102,532 484,170 204,170 154,170 92,090 1,474,170 125,170 270,300 1,644,170 ? 101,800 1,604,170 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.)
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