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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
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 $ 10,100 Accounts receivable 33,500 Accumulated depreciation-Machinery 14,050 Notes payable (due in 7 years) 1,350 Long-term investments in bonds 24,800 Notes receivable (due in 4 years) 22,800 Merchandise inventory 3,400 Common stock $ 4,350 17,400 31,800 7,700 17,100 5,350 22,800 Current assets Cash Accounts receivable Prepaid insurance Merchandise inventory Total current assets Long-term investments ANDREA COMPANY Balance Sheet Total long-term investments assets December 31 Assets Total assets Liabilities Current liabilities Total liabilities Total equity Total liabilities and equity Equity 0 0
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