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Use the following information to prepare a classified balance sheet for Alpha Co. at the end of 2016. Accounts receivable $41,990 Accounts payable 8,430 Cash
| Use the following information to prepare a classified balance sheet for Alpha Co. at the end of 2016. |
| Accounts receivable | $41,990 |
| Accounts payable | 8,430 |
| Cash | 16,030 |
| Common stock | 41,000 |
| Land | 28,270 |
| Long-term notes payable | 21,900 |
| Merchandise inventory | 32,000 |
| Retained earnings | 46,960 |
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
10th Edition
1119491630, 978-1119491637, 978-0470534793
