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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
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). S. Raw Materials 6. Preferred Stock (Equity) Investments (long-term . Uneamed 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. 19. Paid-in Capital in Excess of Par-Common Stock. 20. Uneamed 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. Notes Receivable (short-term). 12. Cash. 13. Salaries and Wages Payable. prepare a classified balance sheet in 00d form. List Current Assets in order of liquidity. For Land, Treasury Stock, Notes Payable, Preferred Stock Investments, Notes Receivable, Receivables Officers Inventory Bonds Payable, and Restricted Cash, enter the account name only and do not provide the descriptive Information provided in the question.)
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