Use the following selected accounts and amounts with normal balances from Andrea Company's adjusted trial balance to prepare its classified balance sheet at December 31 Accounts payable Land Cash Salaries payable Retained Earnings Machinery Prepaid insurance $ 11,600 Accounts receivable 36,000 Accumulated depreciation-Machinery 14,800 Notes payable (due in 7 years) 1,600 Long-term investments in bonds 26,800 Notes receivable (due in 4 years) 24,800 Merchandise inventory 4,400 Common stock ANDREA COMPANY Balance Sheet December 31 Assets Current assets Cash Accounts receivable Prepaid insurance Merchandise inventory Total current assets Long-term investments Long-term investments in bonds Notes receivable 0 Total long-term investments assets Plant assets Machinery Accumulated depreciation Machinery Land Total plant assets Total assets Liabilities Current liabilities Accounts payable Isalaries navable Total current assets Long-term investments Long-term investments in bonds Notes receivable Total long-term investments assets Plant assets Machinery Accumulated depreciation-Machinery Land Total plant assets Total assets 0 Liabilities Current liabilities Accounts payable Salaries payable Total current liabilities Long-term liabilities Notes payable Total long-term liabilities Total liabilities Equity Common stock Retained Earnings 0 Total equity Total liabilities and equity llowing selected accounts and amounts with normal balances from Andrea s adjusted trial balance to prepare its classified balance sheet at December 31. 3 payable payable 1 Earnings " insurance $ 11,600 Accounts receivable 36,000 Accumulated depreciation-Machinery 14,800 Notes payable (due in 7 years) 1,600 Long-term investments in bonds 26,800 Notes receivable (due in 4 years) 24,800 Merchandise inventory 4,400 Common stock $ 4,600 18,400 33,800 8,200 18,600 5,600 24,800 ANDREA COMPANY Balance Sheet December 31 Assets sets ceivable urance e inventory Use the following selected accounts and amounts with normal balances from Andrea Company's adjusted trial balance to prepare its classified balance sheet at December 31 Accounts payable Land Cash Salaries payable Retained Earnings Machinery Prepaid insurance $ 11,600 Accounts receivable 36,000 Accumulated depreciation-Machinery 14,800 Notes payable (due in 7 years) 1,600 Long-term investments in bonds 26,800 Notes receivable (due in 4 years) 24,800 Merchandise inventory 4,400 Common stock ANDREA COMPANY Balance Sheet December 31 Assets Current assets Cash Accounts receivable Prepaid insurance Merchandise inventory Total current assets Long-term investments Long-term investments in bonds Notes receivable 0 Total long-term investments assets Plant assets Machinery Accumulated depreciation Machinery Land Total plant assets Total assets Liabilities Current liabilities Accounts payable Isalaries navable Total current assets Long-term investments Long-term investments in bonds Notes receivable Total long-term investments assets Plant assets Machinery Accumulated depreciation-Machinery Land Total plant assets Total assets 0 Liabilities Current liabilities Accounts payable Salaries payable Total current liabilities Long-term liabilities Notes payable Total long-term liabilities Total liabilities Equity Common stock Retained Earnings 0 Total equity Total liabilities and equity llowing selected accounts and amounts with normal balances from Andrea s adjusted trial balance to prepare its classified balance sheet at December 31. 3 payable payable 1 Earnings " insurance $ 11,600 Accounts receivable 36,000 Accumulated depreciation-Machinery 14,800 Notes payable (due in 7 years) 1,600 Long-term investments in bonds 26,800 Notes receivable (due in 4 years) 24,800 Merchandise inventory 4,400 Common stock $ 4,600 18,400 33,800 8,200 18,600 5,600 24,800 ANDREA COMPANY Balance Sheet December 31 Assets sets ceivable urance e inventory
