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The December 31, 2018, post-closing trial balance for Strong Corporation is presented below DebitCredit $ 22,900 22,600 4,300 210,000 56,000 41,000 279,000 Cash Accounts receivable
The December 31, 2018, post-closing trial balance for Strong Corporation is presented below DebitCredit $ 22,900 22,600 4,300 210,000 56,000 41,000 279,000 Cash Accounts receivable Prepaid insurance Supplies Long-term investments Land Buildings Accumulated depreciation Accounts payable Notes payable, due 2019 Interest payable Notes payable, due 2028 Common stock Retained earnings 85,000 37,500 61,000 14,000 124,000 210,000 104,300 Totals $635,800 $635,800 Prepare a classified balance sheet for Strong Corporation at December 31, 2018. (Amounts to be deducted should be indicated with a minus sign.) STRONG CORPORATION Balance Sheet As of December 31, 2018 Assets Liabilities and Stockholders' Equity assets: Current iabilities: Total current liabilities Total current assets Long-term liablities: Property, plant and equipment Stockholders Equity Net property, plant and equipment Total stockholders' equity Total assets Total liablities and stockholders' equity
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