Question
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.
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 make classified balance sheet for the year ended December 31, 2017.
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