Prepare the companys classified balance sheet in report form at December 31, 2019. Transcribed image text: Selected
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Question:
Prepare the companys classified balance sheet in report form at December 31, 2019.
Transcribed image text: Selected accounts of Blume Irrigation System at December 31, 2019, follow: HA Insurance expense Note payable, long-term Other assets Building Prepaid insurance Salary expense Salary payable Service revenue Supplies Unearned service revenue 900 Accounts payable 2,800 |Accounts receivable 2,200 Accumulated depreciation-building 55,800 Blume, capital, December 31, 2018 4,000 Accumulated depreciation-equipment 16,300 Cash 3,900 Interest payable 74,800 Blume, drawing 3,300 Equipment 1,600 Depreciation expense|| 24,700 43,100 24,000 52,000 7,900 11,000 400 2,000 23,000 30,500
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