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Terracotta Incorporated reported the following accounts and amounts (in millions) in its financial statements for the year ended December 2, 2016. Accounts Payable $ 840
Terracotta Incorporated reported the following accounts and amounts (in millions) in its financial statements for the year ended December 2, 2016.
Accounts Payable | $ | 840 | |
Accounts Receivable | 880 | ||
Accumulated Amortization | 500 | ||
Accumulated Depreciation | 1,130 | ||
Allowance for Doubtful Accounts | 30 | ||
Cash and Cash Equivalents | 1,030 | ||
Common Stock | 470 | ||
Deferred Revenue | 1,980 | ||
Equipment | 7,530 | ||
Income Taxes Payable | 30 | ||
Notes Payable (long-term) | 2,670 | ||
Notes Receivable (long-term) | 250 | ||
Prepaid Rent | 270 | ||
Retained Earnings | 7,170 | ||
Service Revenue | 490 | ||
Short-Term Investments | 3,950 | ||
Software | 910 | ||
Prepare a classified balance sheet. The Allowance for Doubtful Accounts relates entirely to Accounts Receivable. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)
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