HUVU YRIGIRELESED HUWURDU ULOY yol 2. The land account includes land which cost $28,000 that the company has not used and is currently listed for sale 3. The cash account includes $18,000 restricted in a fund to pay bonds payable that mature in 2021 and $26,000 set aside in a three- month Treasury bill 4. The notes payable account consists of the following: a. a $33,000 note due in six months b. a $53,000 note due in six years. c. a $53,000 note due in five annual installments of $10,600 each, with the next installment due February 15, 2019. 5. The $63,000 balance in accounts receivable is net of an allowance for uncollectible accounts of $7000, 6. The common stock account represents 103.000 shares of no par value common stock issued and outstanding. The corporation has 500,000 shares authorized Required: Prepare a classified balance sheet for the Amway Corporation at December 31, 2018. (Amounts to be deducted should be indicated by a minus sign) 's ALMWAY CORPORATION Balance Sheet At December 31, 2018 Assets Current at Cash and chequivalent Short-term investments Accounts receivabinetot allowance Inventories Prepaid insurance Land Total current sets Investments Marketable securities Landheld for sale 23.000 83,000 3.000 200.000 9,000 28.000 4100 * 5 2 3 4 6 7 B D W E R T o Y H F J G D S Z V B . N 36 HUVU YRIGIRELESED HUWURDU ULOY yol 2. The land account includes land which cost $28,000 that the company has not used and is currently listed for sale 3. The cash account includes $18,000 restricted in a fund to pay bonds payable that mature in 2021 and $26,000 set aside in a three- month Treasury bill 4. The notes payable account consists of the following: a. a $33,000 note due in six months b. a $53,000 note due in six years. c. a $53,000 note due in five annual installments of $10,600 each, with the next installment due February 15, 2019. 5. The $63,000 balance in accounts receivable is net of an allowance for uncollectible accounts of $7000, 6. The common stock account represents 103.000 shares of no par value common stock issued and outstanding. The corporation has 500,000 shares authorized Required: Prepare a classified balance sheet for the Amway Corporation at December 31, 2018. (Amounts to be deducted should be indicated by a minus sign) 's ALMWAY CORPORATION Balance Sheet At December 31, 2018 Assets Current at Cash and chequivalent Short-term investments Accounts receivabinetot allowance Inventories Prepaid insurance Land Total current sets Investments Marketable securities Landheld for sale 23.000 83,000 3.000 200.000 9,000 28.000 4100 * 5 2 3 4 6 7 B D W E R T o Y H F J G D S Z V B . N 36
