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Requirement a. Prepare the current-year classified balance sheet using the report format. Begin by preparing the asset section of the balance sheet and then prepare
Requirement a. Prepare the current-year classified balance sheet using the report format.
Begin by preparing the asset section of the balance sheet and then prepare the liabilities and stockholders' equity sections
E6-5 (similar to) Financial Data - X Hardington Building Products Company provided the following information for the current year ended December 31. E: (Click the icon to view the financial data.) Requirements Prepare the current-year classified balance sheet using the report format. b. Prepare the current-year classified balance sheet using the account format. Account Debit Credit a. Cash $ 615,000 S 180,800 2,250,150 Requirement a. Prepare the current-year classified balance sheet using the report format. Begin by preparing the asset section of the balance sheet and then prepare the liabilities and stockholders' equity sections. (Use a minus sign or parentheses for any loss amounts.) 595,000 297,250 36,000 Hardington Building Products Company Balance Sheet 400,000 At December 31 365,000 Assets 3,500,000 586,000 Notes payable, due in 5 years Retained earnings Obligations under capital leases (noncurrent) Obligations under pension plans Deferred tax liability (noncurrent) Accumulated other comprehensive loss Current portion of long-term debt Property, plant, and equipment-net Investments in affiliate companies (noncurrent) Accounts receivable Bonds payable, due in 10 years Investments at fair value (trading) Accounts payable Additional paid-in capital Dividends payable Equipment under capital lease Intangible assets-net Merchandise inventory Income taxes payable 500,000 1,800,000 255,000 480,000 760,000 60,000 2,000,500 206,800 625,900 45,000 1.820,000 Common stock, $1 par value $8,689,200 Totals $8,689,200 Print Done Choose from any list or enter any number in the input fields and then click CheckStep by Step Solution
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