Question
Presented below is a list of balance sheet accounts. Accounts payable Accounts receivable Accumulated depreciation-buildings Accumulated depreciation-equipment Allowance for uncollectible accounts. Restricted cash (to be
Presented below is a list of balance sheet accounts. Accounts payable Accounts receivable Accumulated depreciation-buildings Accumulated depreciation-equipment Allowance for uncollectible accounts. Restricted cash (to be used in 10 years) Bonds payable (due in 10 years) Buildings Notes payable (due in 6 months) Notes receivable (due in 2 years) Patent (net) Additional paid-in capital Prepaid expenses Required: Cash Common stock Copyright (net) Equipment Interest receivable (due in three months) Inventory Land (in use) Long-term investments. Interest payable (current)) Retained earnings Short-term investments Income taxes payable Salaries payable Prepare a classified balance sheet ignoring monetary amounts. (Enter the answer in the order of liquidity.) Name of Company Balance Sheet At [date] Assets Current assets: Cash Short-term investments Accounts receivable Allowance for uncollectible accounts
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