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Instructions Prepare a classified balance sheet in good form as of December 31, 2020. (Not all items listed are needed to complete this problem.) Upload
Instructions Prepare a classified balance sheet in good form as of December 31, 2020. (Not all items listed are needed to complete this problem.) Upload your completed template when you are finished.
Bonds payable(due 2024) | $1,443 | Accumulated depreciation-equipment | $3,655 |
Prepaid insurance | 880 | Accounts payable | 1,444 |
Equipment | 11,500 | Notes payable (due 2025) | 368 |
Long-term investments | 764 | N. Richman, Capital | 15,563 |
Short-term investments | 3,690 | Accounts receivable | 2,696 |
Notes payable (due 2021) | 981 | Inventory | 1,756 |
Cash | 3,168 | Consulting revenues | 17,500 |
Salaries expense | 7,225 | Rent expense | 4,500 |
Unearned revenue | 2,000 | Copyrights | 1,000 |
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