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Prepare a classified balance sheet for Tucson Co. for the year ended December 31 using the following data. (Amounts to be deducted should be
Prepare a classified balance sheet for Tucson Co. for the year ended December 31 using the following data. (Amounts to be deducted should be indicated by a minus sign.) Common stock Cash $1,000 20,600 Equipment 28,000 Batained earnings ,500 Accounts receivable 3,600 Paid-in capital in excess of par value, common steek 17,000 Notes payable 10,600 Preferred stock Common dividend payable 8,000 5,600 Accounts payable 5,500 Treasury stock 6,000 Paid-in capital in excess of par value, preferred stock 2,000 Current assets Total current assets Plant assets TUCSON CO Balance Sheet December 31 Assets Total assets Liabilities Current liabilities Total current labilites Long-tem liabilities Total abilities Total abilities and eq Equity
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