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From the following information (given in scrambled order) obtained from the accounting records of Alleg, Inc., as of December 31, 2008, prepare a classified balance
From the following information (given in scrambled order) obtained from the accounting records of Alleg, Inc., as of December 31, 2008, prepare a classified balance sheet in report form and a statement of stockholders equity. For assets, use the classifications of current assets, plant and equipment, intangibles, and other assets. For liabilities, use the classifications of current liabilities, and long-term liabilities. Common stock, authorized 21,000 share At $1 par value, issued 10,000 shares $10,000 Additional paid-in capital $38,000 Cash $13,000 Marketable securities $17,000 Accounts receivable $26,000 Accounts Payable $15,000 Current maturities of long-term debt $11,000 Mortgages payable $80,000 Bonds payable $70,000 Inventory $30,000 Land and buildings $57,000 Machinery and equipment $125,000 Goodwill $8,000 Patents $10,000 Other assets $50,000 Deferred income taxes (long-term liability) $18,000 Retained earnings $33,000 Accumulated depreciation $61,000
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