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Problem 5-1 Presented below is a list of accounts in alphabetical order. Accounts Receivable Inventory-Ending Accumulated Depreciation-Buildings Land Accumulated Depreciation-Equipment Land for Future Plant Site
Problem 5-1 Presented below is a list of accounts in alphabetical order. Accounts Receivable Inventory-Ending Accumulated Depreciation-Buildings Land Accumulated Depreciation-Equipment Land for Future Plant Site Accumulated Other Comprehensive Income Loss from Flood Advances to Employees Noncontrolling Interest Advertising Expense Notes Payable (due next year) Paid-in Capital in Excess of Par-Preferred Stock Allowance for Doubtful Accounts Bond Sinking Fund Patents Bonds Payable Payroll Taxes Payable Pension Liability Buildings Cash (in bank) Petty Cash Cash (on hand) Preferred Stock Cash Surrender Value of Life Insurance Premium on Bonds Payable Commission Expense Prepaid Rent Purchase Returns and Allowances Common Stock Copyrights Purchases Retained Earnings Debt Investments (trading) Salaries and Wages Expense sales) Dividends Payable Salaries and Wages Payable Equipment Freight-In Sales Discounts Gain on Disposal of Equipment Sales Revenue Interest Receivable Treasury Stock (at cost) Unearned Subscriptions Revenue Inventory-Beginning Prepare a classified balance sheet in good form. (No monetary amounts are to be shown.) (List Current Assets i order of liquidity. List Property, Plant and Equipment in order of Land, Building and Equipment. Enter account name only and do not provide the descriptive information provided in the question.) COMPANY NAME Balance Sheet December 31, 20XX Assets $XXX XXX $XXX XXX XXX XXX XXX XXX XXX $XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXx XXX XXX XXX $XXX Liabilities and Stockholders' Equity $XXX XXX XXX XXX XXX $XXX $XXX xXX XXX XXx XXX XXX XXX Xxx XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX $XXX
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