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Preparing a Classified Balance Sheet The following financial data for Crane Distributors was collected as of December 31, 2013. All accounts have normal balances. Accounts
Preparing a Classified Balance Sheet The following financial data for Crane Distributors was collected as of December 31, 2013. All accounts have normal balances. Accounts Payable 570.500 Accounts Receivable $110.700 Delivery Equipment 80.500 Accumulated Depreciation 35,500 Inventory 114500 Cash 15.700 Retained Earnings Common Stock 100,500 Supplies 6,900 Prepaid Insurance 2.000 Required Prepare a classified balance sheet as of December 31, 2013, for Crane Distributors. Note: Do not use negative signs with your answers. CRANE DISTRIBUTORS Balance Sheet December 31, 2013 Current Assets Accounts Receivable Prepaid Insurance Supplies Total Current Assets
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