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0.2 12 marks The following accounts appeared on the trail balance of Biden Company at December 31, 2019. Cash surrender for life insurance Notes Receivable

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0.2 12 marks The following accounts appeared on the trail balance of Biden Company at December 31, 2019. Cash surrender for life insurance Notes Receivable (Due 12/12/2023) Material control Salaries and Wages Payable Notes Payable (short-term) Appropriated Retained Earnings Accumulated Depreciation - mach. Preferred Stock Land used as parking Allowance for Doubtful Accts. Unappropriated Retained Earnings Accounts Payable 2,251,200 Cash 1.104,000 Customer list 12,642,000 Prepaid Rent for 3 years 273,600 Income Taxes Payable 1.536,000 Common Stock 2.352,000 Supplies 1,531,200 Machines 6,000,000 Trading Securities 3,720,000 Bank overdraft 62.400 Bonds Payable Due 1/1/2023 2.544,000 Accounts Receivable 3,279,600 Additional Paid-in Capital 1,364,000 1.543,200 448.000 1.248.000 9,000,000 302.400 15.408,000 585,600 45,600 9,600,000 4.147 200 1.310.400 Required: Prepare classified Balapce sheet statement 0.2 12 marks The following accounts appeared on the trail balance of Biden Company at December 31, 2019. Cash surrender for life insurance Notes Receivable (Due 12/12/2023) Material control Salaries and Wages Payable Notes Payable (short-term) Appropriated Retained Earnings Accumulated Depreciation - mach. Preferred Stock Land used as parking Allowance for Doubtful Accts. Unappropriated Retained Earnings Accounts Payable 2,251,200 Cash 1.104,000 Customer list 12,642,000 Prepaid Rent for 3 years 273,600 Income Taxes Payable 1.536,000 Common Stock 2.352,000 Supplies 1,531,200 Machines 6,000,000 Trading Securities 3,720,000 Bank overdraft 62.400 Bonds Payable Due 1/1/2023 2.544,000 Accounts Receivable 3,279,600 Additional Paid-in Capital 1,364,000 1.543,200 448.000 1.248.000 9,000,000 302.400 15.408,000 585,600 45,600 9,600,000 4.147 200 1.310.400 Required: Prepare classified Balapce sheet statement

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