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Hello! I need help with what I got wrong. The wrong ones are in red or blank. Thanks! Question 3 of 6 > 2.5973 Assume
Hello! I need help with what I got wrong. The wrong ones are in red or blank. Thanks!
Question 3 of 6 > 2.5973 Assume that Denis Savard Inc. has the following accounts at the end of the current year. 1. 14. 2. 15. 3. 16. 4. 5. 17. 18. 6. Common Stock. Discount on Bonds Payable. Treasury Stock (at cost). Notes Payable (short-term). Raw Materials. Preferred Stock Investments (long-term). Unearned Rent Revenue. Work in Process. Copyrights. Buildings. Notes Receivable (short-term). Cash. Salaries and Wages Payable. 19. 20. Accumulated Depreciation-Buildings. Restricted Cash for Plant Expansion. Land Held for Future Plant Site. Allowance for Doubtful Accounts. Retained Earnings. Paid-in Capital in Excess of Par-Common Stock. Unearned Subscriptions Revenue. Receivables-Officers (due in one year). Inventory (finished goods). Accounts Receivable. Bonds Payable (due in 4 years). Noncontrolling Interest. 7. 8. 21. 9. 22. 10. 23. 11. 24. 12. 25. 13. Prepare a classified balance sheet in good form. (List Current Assets in order of liquidity. For Land, Treasury Stock, Notes Payable, Preferred Stock Investments, Notes Receivable, Receivables-Officers, Inventory, Bonds Payable, and Restricted Cash, enter the account name only and do not provide the descriptive information provided in the question.) Denis Savard Inc. Balance Sheet December 31, 20- Assets Current Assets Prepare a classified balance sheet in good form. (List Current Assets in order of liquidity. For Land, Treasury Stock, Notes Payable, Preferred Stock Investments, Notes Receivable, Receivables-Officers, Inventory, Bonds Payable, and Restricted Cash, enter the account name only and do not provide the descriptive information provided in the question.) Denis Savard Inc. Balance Sheet December 31, 20- Assets Current Assets Cash $XXX Less Restricted Cash XXX $XXX Accounts Receivable XXX Less : Allowance for Doubtful Accounts XXX XXX Notes Receivable XXX Receivables-Officers XXX Inventory Finished Goods XXX Work-in-Process XXX Raw Materials XXX MacBook Pro XXX Total Current Assets $XXX Long-term Investments V Preferred Stock Investments XXX Land Held for Future Use XXX Restricted Cash XXX Total Long-term Investments XXX Property, Plant and Equipment Buildings XXX Less : Accumulated Depreciation-Buildings XXX XXX Total Property, Plant and Equipment Intangible Assets XXX Total Assets $XXX Liabilities and Stockholders' Equity Current Liabilities Salaries and Wages Payable $XXX Unearned Subscriptions Revenue MacBook Pro Liabilities and Stockholders' Equity Current Liabilities Salaries and Wages Payable $XXX Unearned Subscriptions Revenue XXX Unearned Rent Revenue XXX Notes Payable XXX Total Current Liabilities $XXX Long-term Debt Bonds Payable $XXX Less : Discount on Bonds Payable (XXX) XXX XXX Stockholders' Equity Capital Stock Common Stock XXX Additional Paid-in Capital Paid-in Capital in Excess of Par - Common Stock XXX Total Paid in Canital MacBook Pro = Less V. Discount on Bonds Payable (XXX) XXX XXX Stockholders' Equity Capital Stock Common Stock XXX Additional Paid-in Capital Paid-in Capital in Excess of Par - Common Stock XXX Total Paid-in Capital XXX Retained Earnings XXX Total Paid-in Capital and Retained Earnings XXX Less : Treasury Stock (XXX) Total Stockholders' Equity XXX Total Liabil XXX Total Intangible Assets XXX Total Assets $XXX MacBook ProStep by Step Solution
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