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The December 31, 2021, post-closing trial balance for Strong Corporation is presented below: Accounts Cash Debit $ 23,500 Credit Accounts receivable. 22,900 Prepaid insurance
The December 31, 2021, post-closing trial balance for Strong Corporation is presented below: Accounts Cash Debit $ 23,500 Credit Accounts receivable. 22,900 Prepaid insurance 4,400 Supplies Long-Term Investments Land Buildings Accumulated depreciation 29 Accounts payable Notes payable, due 2022 Interest payable Notes payable, due 2031 Common stock Retained earnings Totals 170,000 53,000 42,000 277,000 86,000 37,700 64,000 11,000 129,000 180,000 85,100 $592,800 $592,800 Prepare a classified balance sheet for Strong Corporation at December 31, 2021. (Amounts to be deducted shou a minus sign.) Assets Current Assets: STRONG CORPORATION Balance Sheet As of December 31, 2021 Current liabilities: Liabilities and Stockholders' Equity Total current liabilities Long-term liabilities:
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