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Goodwill $215,200 Accumulated depreciation-equipment $468,800 Payroll taxes payable 70,500 Inventory 403,800 Bonds payable 505,200 Rent payable (short-term) 45,200 Discount on bonds payable 36,800 Income tax
Goodwill $215,200 Accumulated depreciation-equipment $468,800 Payroll taxes payable 70,500 Inventory 403,800 Bonds payable 505,200 Rent payable (short-term) 45,200 Discount on bonds payable 36,800 Income tax payable Cash 66,200 Rent payable (long-term) Land 356,200 Commonstock, $1 parvalue 255,200 Notes receivable 165,700 Preferred stock. $25 par value 1,255,200 Notes payable (to banks) 270.100 Prepaid expenses 73,960 Accounts payable 352,200 Equipment 1,391,200 Retained earnings ? Equity investments (trading) 380,200 Income taxes receivable 50.800 Accumulated depreciation-buildings 363.000 Unsecured notes payable (long-term) 1,305,200 Buildings 2,805,200 Goodwill $215,200 Accumulated depreciation-equipment $468,800 Payroll taxes payable 70.500 Inventory Bonds payable 505,200 Rent payable (short-term) 45,200 Discount on bonds payable 36,800 Incometaxpayable 116.000 Cash 66.200 Rent payable(long-term) Land 356.200 Commonstock, $1 parvalue 255.200 Notes receivable 165.700 Preferrec stock, $25 parvalue 1,255,200 Retained earnings ? Equity investaments (trading) 380.200 Income taxes receivable 50.800 Accumulated depreciation-buildings 363.000 Prepare a classified balance sheet in good form. Common stock authorized was 1,000,000 shares, and preferred stock authorized was 50,000 shares. Assume that notes receivable and notes payable are short-term, unless stated otherwise. Cost and fair value of equity 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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