The following information is available for Juxton Company for the year ended December 31, 2017:

Accounts payable............................................................................ $ 2,700

Building not currently used.............................................................. 9,500

Accumulated depreciation-equipment............................................. 4,000

K. Juxton, capital............................................................................. 20,800

Intangible assets.............................................................................. 2,500

Notes payable (due in 5 years)....................................................... 7,500

Accounts receivable........................................................................ 1,500

Cash................................................................................................. 2,600

Short-term investments................................................................... 1,000

Land................................................................................................. 10,000

Equipment........................................................................................ 7,500

Long-term investments.................................................................... 400

Instructions

Use the above information to prepare a classified balance sheet for the year ended December 31, 2017.

Solution: