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Use the following selected accounts and amounts with normal balances from Andres Company's adjusted trial balance to prepare its classified balance sheet at December 31.
Use the following selected accounts and amounts with normal balances from Andres Company's adjusted trial balance to prepare its classified balance sheet at December 31. Accounts payable Land Cash salaries payable S. Andrea, Capital Machinery Prepaid insurance $ 11,300 Accounts receivable 35,588 Accumulated depreciation-Machinery 14,658 Notes payable (due in 7 years) 1,550 Long-term investments in bonds 58,888 Notes receivable (due in 4 years) 24,400 Merchandise inventory 4,200 $ 4,550 18,200 33,400 8,100 18,300 5,550 ANDREA CO. Balance Sheet December 31 Assets Total assets Liabilities Total liabilities Total liabilities and equity Equity
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