P5.1 (LO 2) (Preparation of a Classified Balance Sheet, Periodic Inventory) Presented below is a list of accounts in alphabetical order.

Accounts Receivable		Bond Sinking Fund
Accumulated DepreciationBuildings		Bonds Payable
Accumulated DepreciationEquipment		Buildings
Accumulated Other Comprehensive Income		Cash (in bank)
Advances to Employees		Cash (on hand)
Advertising Expense		Cash Surrender Value of Life Insurance
Allowance for Doubtful Accounts		Commission Expense
Common Stock		Patents
Copyrights		Payroll Taxes Payable
Debt Investments (trading)		Pension Liability
Dividends Payable		Petty Cash
Equipment		Preferred Stock
Freight-In		Premium on Bonds Payable
Gain on Disposal of Equipment		Prepaid Rent
Interest Receivable		Purchase Returns and Allowances
InventoryBeginning		Purchases
InventoryEnding		Retained Earnings
Land		Salaries and Wages Expense (sales)
Land for Future Plant Site		Salaries and Wages Payable
Loss from Flood		Sales Discounts
Noncontrolling Interest		Sales Revenue
Notes Payable (due next year)		Treasury Stock (at cost)
Paid-in Capital in Excess of ParPreferred Stock		Unearned Subscriptions Revenue

Instructions

Prepare a classified balance sheet in good form. (No monetary amounts are to be shown.)