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Please correct, and fill in the blank Question 10 --/1 View Policies Current Attempt in Progress Assume that Denis Savard Inc. has the following accounts
Please correct, and fill in the blank
Question 10 --/1 View Policies Current Attempt in Progress Assume that Denis Savard Inc. has the following accounts at the end of the current year. 1. 2. Common Stock. Discount on Bonds Payable. Treasury Stock (at cost). 14. Accumulated Depreciation-Buildings. 15. Restricted Cash for Plant Expansion. 16. Land Held for Future Plant Site. 17. Allowance for Doubtful Accounts. 18. Retained Earnings. Notes Payable (short-term). Raw Materials. Preferred Stock Investments (long-term). 19. Paid-in Capital in Excess of Par-Common Stock. Unearned Rent Revenue. 20. Unearned Subscriptions Revenue. Work in Process Copyrights. 21. Receivables-Officers (due in one year). 22. Inventory (finished goods). 23. Accounts Receivable. 10. Buildings. 24. Bonds Payable (due in 4 years). 11. Notes Receivable (short-term). 12. Cash 13. Salaries and Wages Payable. 25. Noncontrolling Interest. Prepare a classified balance sheet in good form. (List Current Assets in order of liquidity. For Land, Treasury Stock, Notes Payable, Preferred Stock Investments, Notes Receivable, Receivables-Officers, Inventory, Bonds Payable, and Restricted Cash, enter the account name only and do not provide the descriptive information provided in the question.) Denis Savard Inc. Balance Sheet December 31, 20- Denis Savard Inc. Balance Sheet December 31, 20 Assets Current Assets A Cash $XXX Less 9 : Restricted Cash XXX $XXX Accounts Receivable XXX Allowance for Doubtful Accounts XXX XXX Notes Receivable XXX Receivables-Officers XXX Inventory Finished Goods XXX Work-in-Process xxx Raw Materials XXX XXX Total Current Assets $XXX Stockholders' Equity Common Stock XXX Paid-in Capital in Excess of Par - Common Stoc XXX paid XXX (Total Long-term Investments ) Xxx Property, plant and Equipment Buildings XXX (Less 4: Accumulated Depreciation-Buildings XXX XXX Total Property, Plant and Equipment XXX Total Liabilities and Stockholders' Equity $XXX Liabilities and Stockholders' Equity XXX Total Liabilities and Stockholders' Equity $XXX Liabilities and Stockholders' Equity Current Liabilities Salaries and Wages Payable $XXX Unearned Subscriptions Revenue XXX Unearned Rent Revenue XXX total XXX $XXX $XXX (XXX) XXX XXX Long-term Investments XXX XXX Property, plant and Equipment XXX Buildings XXX (Property, Plant and Equipment XXX Accumulated Depreciation-Buildings (XXX) Total Property, plant and Equipment XXX Copyrights XXX Total Intangible Assets XXX Total Assets $XXXStep by Step Solution
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