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Question 3: (B1, C2, D3) (10 Points) Adam Company's Trial Balance includes the following accounts: Cash 2000 / Prepaid rent $ 5000 / Unearned revenue

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Question 3: (B1, C2, D3) (10 Points) Adam Company's Trial Balance includes the following accounts: Cash 2000 / Prepaid rent $ 5000 / Unearned revenue S 8000/ Buildings $200000/ Patents $ 12500/ Held to Maturity Securities $ 3500/ Trading Securities $ 4000/ Land held for Investment S 50000/ Accumulated Depreciation of Buildings $ 120000/ Goodwill S 6000/ Notes Payable $ 3500/ Timberland S 40000/ Cash surrender Value of Life Insurance S 9000 Franchises $ 5000. Instructions: Prepare Classified Assets Section in the Balance sheet. Answer of Question 3: Q B I U A A (72

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