McK Nursery, Incorporated, reports the following account balances on December 31, 2024: cash, $32,000; accounts receivable,...
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McK Nursery, Incorporated, reports the following account balances on December 31, 2024: cash, $32,000; accounts receivable, $27,000; inventory, $41,000; equipment (net), $83,000; operating leases, $13,000; accounts payable, $30,000; salaries payable, $13,000; interest payable, $9,000; notes payable (due in 18 months), $46,000; common stock, $82,000. Required: Prepare a classified balance sheet for McK Nursery, Incorporated. Current assets: Total current assets Long-term assets: Total assets Current liabilities: Total current liabilities Long-term liabilities: Total liabilities Stockholders' equity: McK NURSERY, Incorporated Balance Sheet At December 31, 2024 Assets Liabilities and Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity McK Nursery, Incorporated, reports the following account balances on December 31, 2024: cash, $32,000; accounts receivable, $27,000; inventory, $41,000; equipment (net), $83,000; operating leases, $13,000; accounts payable, $30,000; salaries payable, $13,000; interest payable, $9,000; notes payable (due in 18 months), $46,000; common stock, $82,000. Required: Prepare a classified balance sheet for McK Nursery, Incorporated. Current assets: Total current assets Long-term assets: Total assets Current liabilities: Total current liabilities Long-term liabilities: Total liabilities Stockholders' equity: McK NURSERY, Incorporated Balance Sheet At December 31, 2024 Assets Liabilities and Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity
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