The December 31, 2013 post-closing trial balance for Tricam Engineering, an exploration company, is presented below.

Additional information provided is below:
1. Accounts receivable includes a $50,000 note receivable received from a customer that is due in 2015. Also included is interest on the note of $3,000 that is due in six months.
2. The land account includes land that cost $20,000 that the company has not used and is currently listed for sale.
3. The investment account includes a $10,000, 3-month certificate of deposit due in 40 days. The remaining investments will be sold within the next year.
4. The bonds payable account consists of the following:
a. a $200,000 issue due in six months.
b. a $300,000 issue due in six years.
5. The common stock account represents 500,000 shares of no par value common stock issued and outstanding. The corporation has 1,000,000 shares authorized.
Required:
Prepare a classified balance sheet for Tricam Engineering at December 31, 2013 using the post-closing trial balance and the additional information provided.

Transcribed Image Text:

Credits Account Title Debits Cash. 52,000 Accounts receivable. 223,000 Allowance for uncollectible accounts. 15,000 200,000 Inventories. Supplies. 3,000 Investments. 140,000 Land. 100,000 Buildings. 500,000 Accumulated depreciation - buildings. 150,000 Machinery. 250,000 Accumulated depreciation - machinery. 80,000 Goodwill. 36,000 Accounts payable. 125,000 Bonds payable. 500,000 Interest payable. 40,000 Common stock. 500,000 Retained eamings. 94,000 Totals 1,504,000 1,504,000