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The following accounts appeared on the trail balance of Biden Company at December 31, 2019 Pension fund Allowance for Doubtful Accts. Material control Salaries and
The following accounts appeared on the trail balance of Biden Company at December 31, 2019 Pension fund Allowance for Doubtful Accts. Material control Salaries and Wages Payable Prepaid Rent for 3 years Appropriated Retained Earnings Accounts Receivable Preferred Stock Land used as parking Notes Receivable (Due 12/12/2023) Common Stock Accounts Payable 1,125,600 Cash 682,000 31,200 Trademark 771,600 6,321,000 Notes Payable (short-term) 768,000 136,800 Income Taxes Payable 624,000 224,000 Unappropriated Retained Earnings 1,272,000 1,176,000 Supplies 151,200 2,073,600 Computers 7,704,000 3,000,000 Trading Securities 292,800 1,860,000 Bank overdraft 22,800 552,000 Bonds Payable Due 1/1/2023 4,800,000 4,500,000 Accumulated Depreciation - comp. 765,600 1,639,800 Additional Paid-in Capital 655,200 Required: Prepare classified Balance sheet statement
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