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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 31
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 Equipment Salaries payable Accounts receivable Cao Current portion of long-term debt Notes payable (due in 6 years) $ 31,700 mployee federal income taxes payable 41,700 Federal unemployment taxes payable 35,700 PICA-Medicare taxes payable 8,700 YICA-Social Security taxes payable 55,900 Employee medical insurance payable 5,700 state unemployment taxes payable 10,000 Sales tax payable (due in 2 weeks) 5 10,500 230 520 4,400 3,700 3,400 450 LUE COMPANY Balance Sheet Balance Sheet December 31 Assets Current assets . ok Total current assets Plant assets
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