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You are provided with the following information for Concord Corporation, effective as of its April 30, 2014, year-end. Accounts payable $3,135 Accounts receivable 10,320 Accumulated

You are provided with the following information for Concord Corporation, effective as of its April 30, 2014, year-end.

Accounts payable $3,135
Accounts receivable 10,320
Accumulated depreciationequipment 6,600
Depreciation expense 3,165
Cash 21,125
Common stock 20,510
Dividends 2,835
Equipment 24,420
Sales revenue 20,485
Income tax expense 735
Income taxes payable 335
Interest expense 385
Interest payable 210
Notes payable (due in 2018) 4,870
Prepaid rent 415
Rent expense 830
Retained earnings, beginning 13,960
Salaries and wages expense 6,010

Prepare a classified balance sheet for Concord Corporation as of April 30, 2014. (List current assets in order of liquidity.)

image text in transcribedimage text in transcribed

Concord Corporation Balance Sheet For the Year Ended April 30, 2014 4 Assets Liabilities and Stockholders' Equity

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