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Selected accounts from Lue Company's adjusted trial balance for the year ended December 31 follow. Prepare a classified balance sheet. Total equity Equipment Salaries payable
Selected accounts from Lue Company's adjusted trial balance for the year ended December 31 follow. Prepare a classified balance sheet. Total equity Equipment Salaries payable Accounts receivable Cash Current portion of long-term debt Notes payable (due in 6 years) Current assets Cash Accounts receivable Total current assets Plant assets Equipment Total assets LUE COMPANY Balance Sheet December 31 Assets Liabilities Current liabilities FICA-Medicare taxes payable Employee federal income taxes payable FICA-Social security taxes payable Sales tax payable $ $ $ $ 30,000 40,000 34,000 5,100 50,000 4,000 10,000 Employee federal income taxes payable Federal unemployment taxes payable FICA-Medicare taxes payable FICA-Social Security taxes payable Employee medical insurance payable State unemployment taxes payable Sales tax payable (due in 2 weeks) 50,000 5,100 55,100 40,000 95,100 725 9,000 3,100 275 $ 9,000 200 725 3,100 2,000 1,800 275
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