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Exercise 5-4 Assume that Denis Savard Inc. has the following accounts at the end of the current year 1. Common Stock 2. Discount on Bonds

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Exercise 5-4 Assume that Denis Savard Inc. has the following accounts at the end of the current year 1. Common Stock 2. Discount on Bonds Payable 3. Treasury Stock (at cost) 4. Notes Payable (short-term) 5. Raw Materials 6. Preferred Stock (Equity) Investments (long-term). 19. Paid-in Capital in Excess of Par-Common Stock. 7. Unearned Rent Revenue 8. Work in Process. 9. Copyrights 14. Accumulated Depreciation-Buildings. 15. Cash Restricted for Plant Expansion 16. Land Held for Future Plant Site 17. Allowance for Doubtful Accounts 18. Retained Earnings. 20. Unearned Subscriptions Revenue 21. Receivables-Officers (due in one year) 22. Inventory (finished goods) 23. Accounts Receivable 24. Bonds Payable (due in 4 years) 25. Noncontrolling Interest. 10. Buildings. 11. 12. Cash 13. Salaries and Wages Payable Notes Receivable (short-term) Prepare a classified balance sheet in good form. (List Current Assets in order of liquidity. For Land, Treasury do not provide the descriptive information provided in the question.) Denis Savard Inc. Balance Sheet Assets $XXX sXxX xXx xXX xXX xXX xXx xXx

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