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Use this randomly arranged data to prepare a classified balance sheet for Imamar Corporation as of December 31, 20X5. Some of the accounts do
Use this randomly arranged data to prepare a classified balance sheet for Imamar Corporation as of December 31, 20X5. Some of the accounts do not belong in thl balance sheet, and 20% of the loan payable matures each June 30. 755,000 275,000 156,098 182,345 646,992 123,334 (988,777) 887,885 278,790 121,008 Capital Stock Patent Accumulated depreciation (equipment) Building Land held for speculation Dividends Cash Retained earnings Accounts receivable Accounts payable Income tax expense Prepaid insurance Accumulated depreciation (building) Loan payable Equipment Land Interest payable Inventories Cash value of life insurance (477, 654) 50,000 56,766 78,011 3,883 31,117 25,000
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