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The Werthman Company collected the following information for the preparation of its December 31 classified balance sheet: Accounts receivable Cash Other current assets Accounts payable
The Werthman Company collected the following information for the preparation of its December 31 classified balance sheet: Accounts receivable Cash Other current assets Accounts payable Long-term liabilities Other current liabilities $22,500 Property, plant, and equipment 25,500 Inventory 37,500 Other long-term assets 31,500 Common stock 82,500 Retained earnings 27,000 $300,000 97,500 60,000 142,500 ? Prepare a classified balance sheet for Werthman Company. Werthman Company Balance Sheet December 31 Liabilities & Stockholders' Equity Current Liabilities: Assets Current Assets: $ 0 $ o o 0 Other current liabilities 0 Total Current Liabilities 0 Noncurrent Liabilities: 0 Other current assets Total Current Assets 0 0 Total Liabilities 0 Noncurrent Assets: Stockholders' Equity 0 Common stock 0 0 - 0 Other long-term assets Total Noncurrent Assets 0 0 Total Stockholders' Equity 0 Total Liabilities & Stockholders' Equity $ Total Assets $ 0
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