Question
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 $ 11,600 Accounts receivable $ 4,600 36,000 Accumulated depreciation-Machinery 14,800 Notes payable (due in 7 years) 18,400 33,800 1,600 Long-term investments in bonds 8,200 26,800 Notes receivable (due in 4 years) 24,800 Merchandise inventory 18,600 5,600 24,800 Retained Earnings Machinery Prepaid insurance 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
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