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Selected financial information for Cullumber as at December 31, 2021, follows: Accounts payable Accounts receivable Accumulated depreciation-building Building Cash Goodwill Interest payable J. Chrowder, capital
Selected financial information for Cullumber as at December 31, 2021, follows: Accounts payable Accounts receivable Accumulated depreciation-building Building Cash Goodwill Interest payable J. Chrowder, capital $210,000 190,000 78,000 256,000 15,500 35,000 17,000 76,000 Land Licences Long-term equity investments Mortgage payable Notes payable Prepaid expenses Salaries payable Supplies Unearned revenue $106,000 59,000 46,000 236.000 54,000 7,500 27.500 10.000 26.500 Additional information: 1. 2. 3. All accounts have normal balances. $16,000 of the mortgage payable will be paid before December 31, 2022. The notes payable are payable on May 17, 2022 Prepare a classified balance sheet. (List Current Assets in order of liquidity. List Property, Plant and Equipment in order of Land, Building and Equipment.) CULLUMBER Balance Sheet Assets N CULLUMBER Balance Sheet Assets $ > A > > >
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