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