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Preparing a Classified Balance Sheet From the following accounts, listed in alphabetical order, prepare a classified balance sheet for Balford Wholesalers as of December 31,
Preparing a Classified Balance Sheet From the following accounts, listed in alphabetical order, prepare a classified balance sheet for Balford Wholesalers as of December 31, 2013. All accounts have normal balances. Accounts Payable $52.200 Inventory $142,200 Accounts Receivable 54,000 Land 58,200 Building and Equipment 91.000 Mortgage Payable (long term) 100.200 Cash 40,200 Office Supplies 2,200 Common Stock 136,200 Retained Earnings Salaries Payable 8,200 BALFORD WHOLESALERS Balance Sheet December 31, 2013 Liabilities & Stockholders' Equity Current Liabilities: Assets Current Assets: $ Salaries payable Total Current Liabilities Inventory Total Current Assets Long-Term Liabilities: Long-term Assets: Total Long-term Liabilities: Building Total Liabilities Total Long-Term Assets Stockholders' Equity: Total Stockholders' Equity Total Liabilities and Stockholders' Equity Total Assets
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