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Presented below is a list of balance sheet accounts. Required: Prepare a classified balance sheet ignoring monetary amounts. Note: Enter the answer in the order

Presented below is a list of balance sheet accounts.

image text in transcribed

Required:

Prepare a classified balance sheet ignoring monetary amounts.

Note: Enter the answer in the order of liquidity.

Below is my attempt, but I am not sure what I am missing:

image text in transcribedimage text in transcribed

AccountspayableAccountsreceivableAccumulateddepreciation-buildingsAccumulateddepreciation-equipmentAllowanceforuncollectibleaccountsLand(heldforspeculation)Bondspayable(duein10years)BuildingsNotespayable(duein6months)Notesreceivable(duein2years)Patent(net)Additionalpaid-incapitalPrepaidexpensesCashCommonstockCopyright(net)EquipmentInterestreceivable(dueinthreemonths)InventoryLand(inuse)Long-termequityinvestmentsInterestpayable(current)RetainedearningsShort-terminvestmentsIncometaxespayableSalariespayable correct; no

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