Use this post-closing trial balance to create a classifed balance sheet in good form. If you did it right, total assets will equal the sum of liabilities and total stockholders' equity.

A B 1. Use ths post-closing trial balance to create a classified balance shee 2 If you do it right, total assets will equal the sum of liabilities and to 3 4 Account Name DR CR 5. Cash 10000 6 Accounts Receivable 15000 7 Short-Term Investments 20000 8 Merchandise Inventory 25000 9 Prepaid Insurance 12000 10 Investment in ABC Company Stock 100000 11 Investment in XYZ Bonds 150000 12 Debt Service Fund 75000 13 Land for Future Expansion 100000 14 Land 150000 15 Buildings 800000 16 Machinery & Equipment 600000 17 Accumulated Depreciation 140000 18 Franchise 25000 19 Patents 100000 20 Copyrights 30000 21 Deferred Tax Asset 112000 22 Deferred Pension Asset 46000 23 Accounts Payable 15000 24 Short-Term Notes Payable 150000 25 Taxes Payable 25000 26 Salaries Payable 75000 27 Interest Payable 15000 28 Bonds Payable 200000 29 Mortgage Payable 600000 30 Current Portion of Long-term Debt 300000 31 Common Stock 200000 32 Preferred Stock 500000 33 Retained Earnings 90000 34 Accumulated Other Comprehensive Income 60000 35 Totals 2370000 2370000 36 37