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Preparation of a Classified Balance Sheet

Assume that Denis Savard Inc. has the following
accounts at the end of the current year.
1. Common Stock. 14. Accumulated Depreciation-Buildings.
2. Discount on Bonds Payable. 15. Cash Restricted for Plant Expansion.
3. Treasury Stock (at cost). 16. Land Held for Future Plant Site.
4. Note Payable, short-term. 17. Allowance for Doubtful Accounts-
5. Raw Materials. Accounts Receivable.
6. Preferred Stock Investments-Long-term. 18. Retained Earnings.
7. Unearned Rent Revenue. 19. Premium on Common Stock.
8. Work in Process. 20. Unearned Subscriptions Revenue.
9. Copyrights. 21. Receivables-Officers (due in one year).
10. Buildings. 22. Finished Goods.
11. Notes Receivable (short-term). 23. Accounts Receivable.
12. Cash. 24. Bonds Payable (due in 4 years).
13. Accrued Salaries Payable.
Instructions
Prepare a classified balance sheet in good form. (No monetary amounts are necessary.)

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Preparation of a Classified Balance Sheet
Assume that Denis Savard Inc. has the following
accounts at the end of the current year.
1. Common Stock. 14. Accumulated Depreciation-Buildings.
2. Discount on Bonds Payable. 15. Cash Restricted for ...

Solution Summary

Response helps in Preparation of a Classified Balance Sheet.

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