Question 1:

The following items were taken from the records of Ahmed Company at the end of 2019.

Bonds payable	$10,000	Accumulated Depreciation(Building)	4,000
Prepaid Expense	1,000	Accounts Payable	3,000
Building	20,000	Long term Notes payable	1,000
Additional Paid in Capital	3,000	Long term investment	6,000
Short term investment	5,000	Common Stock	20,000
Accrual expense	2,000	Accounts Receivable	8,000
Cash	2,000	Retained Earnings	10,000
Patents	6,000	Inventories	5,000

Instructions: Prepare a classified balance sheet in good form as of December 31, 2019.