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Using the following data prepare a classified balance sheet for Blanchard Company as of December 31 20x5.
Prepare a classified balance sheet at december 31. An example of a classified balance sheet can be found in the Concept Review Exercise at the end of Part A of this chapter. List Property Plant and Equipment in order of Land Buildings and Equipment WILDHORSE BOWLING ALLEY Balance Sheet Fot the Year Ended December 31 2020December 31 2020Fot the Month Ended December 31. Include headings for each classification as well as titles for each classifications subtotal.
For example most businesses prepare their balance sheets at least once a year as of December 31. The adjusted trial balance for McC Bowling Alley at December 31 2019 contains the following accounts DebitCredit Buildings128800Owners Capital115000 Accounts Receivable14520Accumulated Depreciation-Buildings42600 Prepaid insurance4680Accounts Payable12300 Cash18040Notes Payable97780 Equipment62400Accumulated Depreciation. A balance sheet date is the date as of which the balance sheet is prepared.
List Current Assets in order of liquidity. Prepare a classified balance sheet for Vosburgh at December 31 2021. The adjusted trial balance for Pharoah Bowling Alley at December 31 2020 contains the following accounts.
Balance Sheet Preparation p. Credit Debit 10400 134000 4400 22000 240000 Accounts Cash Accounts Receivable Prepaid Rent. The following data presented in alphabetical order are taken from the records of Urbina Corporation.
Assume that 28300 of the note payable will be paid in 2021. E 2-6 From the following data prepare a classified balance sheet for Simon Company at December 31 2006. Prepare a classified balance sheet at December 31 based on December 1 2020 Sheridan Distributing Company account balances and information below.
Prepare the statement of Stockholders Equity for the year ended December 31 2021 in the Income Statement tab. Exercise 2-6 From the following data prepare a classified balance sheet for Simon Company at December 31 2006. Accounts payable 62500.
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