prepare classified balance sheet

Exercise: Prepare Classified Bal Sheet A/P Cost of Goods Sold 10,000 RE-Beginning 19,920 Cash ST Investments 200 A/R 1,800 Div Unearned Revenue 900 2,000 Patents Building Rental Exp 900 Service Rev 17,000 Int/P Accum. Deprn 2,500 Supplies 4,000 Prepaid Ins. 2,200 Goodwill 2,000 LT Debt Investment in XYZ Co. 5,300 Inventory 500 Equip Investment in Real Estate 2,000 Land 2,000 N/P due in 3 years Deferred Income Tax 300 Salaries/P 300 Rent Rev Insurance Exp 500 N/R 1,000 Supplies Exp Other Assets 20 C.S. 10,000 Deprn Exp Income Tax Exp. 200 Building 20,000 Other Current Assets 100 Current Maturities of Long-term Debt 3,000 Other Selling General and Admin Exnlincluding Salaries Exn Renair Exn Utility Expl 1,400 600 300 100 100 10,000 16,000 5,000 Int Exp 1,000 200 500 200