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Required Use the following information to prepare a classified balance sheet for Alpha Co. at the end of 2018. Accounts receivable $ 41,140 Accounts payable
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Use the following information to prepare a classified balance sheet for Alpha Co. at the end of 2018.
Accounts receivable | $ | 41,140 | |
Accounts payable | 6,420 | ||
Cash | 14,470 | ||
Common stock | 45,000 | ||
Land | 20,000 | ||
Long-term notes payable | 24,300 | ||
Merchandise inventory | 30,300 | ||
Retained earnings | 30,190 | ||
Current assets Total current assets Property, plant and equipment Total property, plant and equipment Total assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Total liabilities Stockholders' equity Total stockholders' equity Total liabilities and stockholders' equity
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