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The accounts listed below for the year ended 2021, in random order, are for Polanyi Knowledge, Inc. Construct a classified balance sheet for the business
The accounts listed below for the year ended 2021, in random order, are for Polanyi Knowledge, Inc. Construct a classified balance sheet for the business in good form. 103,000 92,000 300.000 Cash 32,900 Accumulated depreciation-Buildings 630,600 Accounts Receivable 90,200 Taxes payable 27,000 Inventory 180,000 Discount on bonds payable Wages payable Note payable due 2023 Retained earnings Bonds payable Additional paid in capital common stock 980,000 500,000 150.000 Common stock 264,400 110,000 77.000 167,000 1,500,000 Preferred stock Accounts payable Accumulated depreciation: equipment 210,000 13,400 Long-term investments Buildings Additional paid in capital preferred stock Equipment Prepaid expenses Patent, net 310.600 760,000 Land 6,300 Allowance for doubtful accounts 26,000 371,000
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