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The following, listed in alphabetical order, are the adjusted accounts of Sheridan Inc. as of December 31, 2022: Accounts Payable $3,588, Accounts Receivable $1,564, Accumulated
The following, listed in alphabetical order, are the adjusted accounts of Sheridan Inc. as of December 31, 2022: Accounts Payable $3,588, Accounts Receivable $1,564, Accumulated Depreciation-Equipment $5,520, Bonds Payable $28,520, Cash $1,196, Common Stock $18,400, Equipment $46,000, Notes Payable (current) $2,024, Inventory $3,404, Notes Payable (long term) $4,600, Land $23,920, Retained Earnings $13,800, and Supplies $368. Prepare a classified balance sheet in good form as of December 31, 2022. (List current assets in order of liquidity.)
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