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Help System Announcements Question 1 The following items are taken from the financial statements of Blossom Company at December 31, 2022. Land $195,000 Accounts receivable
Help System Announcements Question 1 The following items are taken from the financial statements of Blossom Company at December 31, 2022. Land $195,000 Accounts receivable 21,000 Supplies 9,000 Cash 11,800 Equipment 82,000 Buildings 261,000 Land improvements 45,700 Notes receivable (due in 2023) 5,000 Accumulated depreciation-Iand improvements 12,000 Common stock 70,000 Retained earnings (December 31, 2022) 490,000 Accumulated depreciation-buildings 32,500 Accounts payable 9,000 Mortgage payable 102,300 Accumulated depreciation-equipment 18,700 Interest payable 3,000 Income taxes payable 14,500 Patents 46,500 Investments in stock (long-term) 71,000 Debt investments (short-term) 4,000 Prepare a classified balance sheet. Assume that $9,000 of the mortgage payable will be paid in 2023. (List C : Equipment in order of Land, Buildings, Equipment and Land Improvements.) to search RI HU o
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