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Prepaid classified balance sheet as per the given formate need urgent Practice Exercise Feb 26, Classified Balance Sheet Particulars Cash Accounts Payable Salaries Payable Interest

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Practice Exercise Feb 26, Classified Balance Sheet Particulars Cash Accounts Payable Salaries Payable Interest Payable Taxes Payable Current portion of Notes Payable Stock Investments Cash value of insurance Inventories Prepaid Insurance Short term investments Accounts Receivable Notes Payable Bank loan Mortgage obligation Deferred income taxes Land Building & Equipment Accumulated depreciation on building Goodwill Other assets Capital stoc Retained earnings Amount 100,000 80,000 10,000 15,000 5,000 40,000 40,000 10,000 200,000 25,000 50,000 75,000 110,000 35,000 75,000 80,000 25,000 150,000 50,000 275,000 10,000 300,00r 160,000 HINT TOTAL SHOULD BE 910,000 [Company Name] Balance Sheet Date: 2020 Assets Current Assets Cash Accounts receivable Inventory Prepaid expenses Short-term investments Total current assets Fixed (Long-Term) Assets Long-term investments Property, plant, and equipment (less accumulated depreciation) Intangible assets Total fixed assets Other Assets other assets Total Other Assets Total Assets Liabilities and Owner's Equity Current Liabilities Accounts payable Short-term loans Income taxes payable Accrued salaries and wages Uneared revenue Current portion of long term debt Total current liabilities Long-Term Liabilities Long term debt Deferred income tax Other Total long-term liabilities Owner's Equity Owner's investment Retained earnings Other Total owner's equity Total Liabilities and Owner's Equity Common Financial Ratios Debt Ratio (Total Liabilities/Total Assets) Current Ratio (Current Assets / Current Liabilities) Working Capital (Current Assets - Current Liabilities) Assets-to-Equity Ratio (Total Assets/Owner's Equity Debt-to-Equity Ratio (Total Liabilities/Owner's Equity)

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