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Please help with the classified balance sheet. American Laser, Inc, reported the following account balances on January 1, Credit Debit $5,000 $ 30,000 126,000 2.000
Please help with the classified balance sheet. American Laser, Inc, reported the following account balances on January 1, Credit Debit $5,000 $ 30,000 126,000 2.000 D Accounts Receivable Accumulated Depreciation Additional Paid-in Capital Allowance for Doubtful Accounts Bonds Payable Buildings Cash Common Stock, 10.000 shares of $1 par Notes Payable (long-term) Retained Earnings Treasury Stock TOTALS 253,000 19,000 10,000 19.000 120,000 0 $307,000 5307.000 The company entered into the following transactions during the year Teb. Jan. 15 tasued 23,000 shares of $1 par common stock for $36,000 cash. Jan. 31 collected $3,000 crom customers on account. 15 Reacquired 3,360 shares of $1 par common stock into treasury for $36,960 cash. Mar. 15 Reissued 2,360 shares of treasury stock for $27,960 cash. Aug 15 Rolanued 600 shares of treasury stock for $4,600 cash. Sept. 15 Declared (but did not yet pay) a $1 cash dividend on each outstanding share of common stock. Oct. 1 Issued 100, 10-year, $1,010 bonds, at a quoted bond price of 101. Oct. 3 Wrote off a $2,000 balance duo from a customer who went bankrupt. Dec. 29 Recorded $266,000 of service revenue, all of which was collected in canh. Dec. 30 Paid $236,000 cash for this year's wages through December 31. Ignore payroll taxes and payroll deductions. Dec. 31 Calculated $10,000 of depreciation for the year to be recorded. (Ignore accrual adjust tents to interest and income taxes.) Requirement General Journal General Ledger Trial Balance Balance Sheet Debt to Assets Ratio Use the dropdowns to select the accounts properly included on the classified balance sheet. However, you will need to enter
Please help with the classified balance sheet.
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