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Goodwill $129,510 Accumulated Depreciation-Equipment $292,500 Payroll Taxes Payable 182,101 Inventory 244,310 Bonds payable 304,510 Rent payable (short-term) 49,510 Discount on bonds payable 15,500 Income taxes
Goodwill $129,510 Accumulated Depreciation-Equipment $292,500 Payroll Taxes Payable 182,101 Inventory 244,310 Bonds payable 304,510 Rent payable (short-term) 49,510 Discount on bonds payable 15,500 Income taxes payable Cash a 364,510 Rent payable (long-term) Land 484,510 Common stock. \$1 parvalue 204,510 Notes receivable 450.210 Preferred stock, $10 par value 154.510 - Notes payable (to banks) 269,510 Prepaid expenses 92,430 Accounts payable 494,510 Equipment 1.474.510 Retained earnings ? Debt investments (trading) 125.510 Income taxes receivable 102.140 Accumulated Depreciation-Buildings 270.700 Notes payable (long-term) 1,604,510 Buildings 1,644,510 Prepare a classified balance sheet in good form. Common stock authorized was 400,000 shares, and preferred stock authorized was 20,000 shares. Assume that notes receivable and notes payable are short-term, unless stated otherwise. Cost and fair value of debt investments (trading) are the same. (List Current Assets in order of liquidity. List Property, Plant and Equipment in order of Land, Building and Equipment.)
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