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The following, listed in alphabetical order, are the adjusted accounts of Sheridan Inc. as of December 31, 2022: Accounts Payable $4,446, Accounts Receivable $1,938, Accumulated
The following, listed in alphabetical order, are the adjusted accounts of Sheridan Inc. as of December 31, 2022: Accounts Payable $4,446, Accounts Receivable $1,938, Accumulated Depreciation-Equipment $6,840, Bonds Payable $35,340, Cash $1,482, Common Stock $22,800, Equipment $57,000, Notes Payable (current) $2,508, Inventory $4,218, Notes Payable (long term) $5,700, Land $29,640, Retained Earnings $17,100, and Supplies $456. Prepare a classified balance sheet in good form as of December 31, 2022. (List current assets in order of liquidity.) SHERIDAN INC. Balance Sheet For the Year Ended December 31, 2022 Assets Current Assets Cash $ Accounts Receivable Inventory Supplies Total Current Assets Total Property, Plant and Equipment Land Equipment $ Less Accumulated Depreciation-Equipment Total Assets Liabilities and Stockholders' Equity Current Liabilities Accounts Payable Notes Payable Total Current Liabilities Total Liabilities and Stockholders' Equity Notes Payable Total Current Liabilities Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity
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