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Use the following information to prepare a classified balance sheet for Alpha Co. at the end of 2018. Accounts receivable $ 43,020 Accounts payable 8,650
Use the following information to prepare a classified balance sheet for Alpha Co. at the end of 2018.
Accounts receivable | $ | 43,020 | |
Accounts payable | 8,650 | ||
Cash | 17,060 | ||
Common stock | 43,500 | ||
Land | 19,000 | ||
Long-term notes payable | 21,350 | ||
Merchandise inventory | 31,825 | ||
Retained earnings | 37,405 | ||
Required Use the following information to prepare a classified balance sheet for Alpha Co. at the end of 2018. Accounts receivable Accounts payable Cash Common stock Land Long-term notes payable Merchandise inventory Retained earnings $43,020 8,650 17,060 43,500 19,000 21,350 31,825 37,405 ALPHA CO. Classified Balance Sheet As of December 31, 2018 Assets Current assets Total current assets Property, plant and equipment Total property, plant and equipment Total assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Total liabilities Stockholders' equity Total current assets Property, plant and equipment Total property, plant and equipment Total assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Total liabilities Stockholders' equity Total stockholders' equity Total liabilities and stockholders' equity
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