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The following information is available for Elwes Company for the year ended December 31, 2018: Accounts payable $3,800 Accumulated depreciation equipment 4,000 Common Stock
The following information is available for Elwes Company for the year ended December 31, 2018: Accounts payable $3,800 Accumulated depreciation equipment 4,000 Common Stock 5,000 Retained earnings 4,300 Intangible assets 2,300 Notes payable (due in 5 years) 5,000 Accounts receivable 1,500 Cash 2,800 Short-term investments 1,000 Equipment 8,800 5,700 Long-term investments Use the above information to prepare a classified balance sheet for the year ended December 31, 2018.
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