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Exercise 9-18 (Algo) Preparing a balance sheet LO C1, P2, P3 Selected accounts from Lue Company's adjusted trial balance for the year ended December
Exercise 9-18 (Algo) Preparing a balance sheet LO C1, P2, P3 Selected accounts from Lue Company's adjusted trial balance for the year ended December 31 follow. Prepare a classified balance sheet. Total equity $ 30,100 Employee federal income taxes payable 40,100 Federal unemployment taxes payable FICA-Medicare taxes payable FICA-Social Security taxes payable. Employee medical insurance payable. State unemployment taxes payable Sales tax payable (due in 2 weeks) Equipment Salaries payable 34,100 Accounts receivable 5,300 Cash 50,300 Current portion of long-term debt Notes payable (due in 6 years) 4,100 10,000 $ 9,100 300 720 3,100 2,100 1,800 280 Current assets Total current assets Plant assets LUE COMPANY Balance Sheet December 31 Assets Total assets $ 0 Liabilities Current liabilities
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