Preparing a Classified Balance Sheet From the following accounts, listed in alphabetical order, prepare a classified balance sheet for Berkly Wholesalers as of December 31. All accounts have normal balances. Accounts Payable $43,000 Inventory Accounts Receivable 40,000 Land Building Cash Common Stock Current Assets: Inventory Long-term Assets: Building 67,000 Mortgage Payable (long term) 26,000 Office Supplies 111,000 Retained Earnings Salaries Payable Total Current Assets Total Assets Assets 46 + + ( ( Total Long-Term Assets $ 0 0 0 0 0 0 $117,000 45,000 78,000 2,000 ? 7,000 BERKLY WHOLESALERS Balance Sheet December 31 $ 0 Liabilities & Stockholders' Equity Current Liabilities: Salaries payable Total Current Liabilities 0 Long-Term Liabilities: Total Long-term Liabilities: Total Liabilities Stockholders' Equity: $ 4) Total Stockholders' Equity 0 Total Liabilities and Stockholders' Equity 0 0 0 0 0 $ Next >

Preparing a Classified Balance Sheet From the following accounts, listed in alphabetical order, prepare a classified balance sheet for Berkly Wholesalers as of December 31. All accounts have normal balances