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Use the following accounts with normal balances to prepare Bosco Company's classified balance sheet as of December 31. Merchandise inventory Accounts receivable Cash and equivalents.
Use the following accounts with normal balances to prepare Bosco Company's classified balance sheet as of December 31. Merchandise inventory Accounts receivable Cash and equivalents. Notes payable (due in 8 years) Accumulated depreciation-Buildings Current assets Total current assets Plant assets BOSCO COMPANY Balance Sheet December 31 Assets $3,000 Land 5,000 Buildings 7,000 Accounts payable 15,000 Wages payable 22,000 Common stock Retained earnings $ 24,000 40,000 10,000 2,000 1,000 29,000
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