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Presented below are a number of balance sheet items for Blue, Inc., for the current year, 2017 Goodwill Payroll Taxes Payable Bonds payable $292,500 241,150
Presented below are a number of balance sheet items for Blue, Inc., for the current year, 2017 Goodwill Payroll Taxes Payable Bonds payable $292,500 241,150 46,350 99,712 481,350 201,350 151,350 89,270 1,471,350 122,350 270,700 1,641,350 $126,350 Accumulated Depreciation-Equipment 178,941 Inventory 301,350 Rent payable (short-term) Discount on bonds payable Cash Land Notes receivable 15,500 361,350 481,350 447,050 266,350 491,350 Income taxes payable Rent payable (long-term) Common stock, $1 par value Preferred stock, $10 par value Prepaid expenses Equipment Notes payable (to banks) Accounts payable Retained earnings Income taxes receivable ? Debt investments (trading) 98,980 Accumulated Depreciation-Buildings 1,601,350 Buildings Notes payable (long-term) Prepare a classified balance sheet in good form. Common stock authorized was 400,000 shares, and preferred stock authorized was 20,000 shares. Assume that notes receivable and notes payable are short-term, unless stated otherwise. Cost and fair value of debt investments (trading) are the same. (List Current Assets in the order of liquidity. List Property, Plant and Equipment in order of Land, Building and Equipment.)
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