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Desi Company, a merchandising firm, reports the following data as of January 31, 2019: Stockholders' equity $5,700 Property, plant, and equipment 10,000 Inventory 3,500
Desi Company, a merchandising firm, reports the following data as of January 31, 2019: Stockholders' equity $5,700 Property, plant, and equipment 10,000 Inventory 3,500 Accounts receivable 1,200 Other current liabilities -600 Accounts payable 800 Long-term notes payable 8,000 Cash 400 Prepare a classified balance sheet for Desi Company as of January 31, 2019. DESI COMPANY Balance Sheet Assets Current Assets: Accounts receivable 0 Total Current Assets Noncurrent Assets: January 31, 2019 0 Liabilities & Stockholders' Equity Current Liabilities: 0 Other current liabilities 0 Total Current Liabilities Noncurrent Liabilities: 0 Total Noncurrent Assets 0 Total Noncurrent Liabilities Total Assets = 0 Total Liabilities & Stockholders' Equity $ 0 0 0 0 0 0 0
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