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equired: Prepare a Balance sheet in good form (always start with the top row in each section)

equired: Prepare a Balance sheet in good form (always start with the top row in each section)

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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what are the three sections for debits, credits, and total. Here is a picture with an empy cells for what it should look like. The blue cells should be from the chart of accounts

Required: Prepare a Balance sheet in good form (always start with the top row in each section) Balance Sheet Date Choices Current Assets Total current assets Long-term Investments Total long-term investments Property plant & equipment Intangible assets Total Intangible assets Total Assets Current Liabilities Total Current liabilties Long-term liabilties Notes payable - long-term Total Liabiliities Stockholders' equity Total Stockholders' equity Total liabilities and stockholders' equity Chart of Accounts Accounts payable Accounts Receivable Accumulated depreciation - building Accumulated depreciation - equipment Allowance for bad debts Bond sinking fund Bonds payable 7% Buildings Cash Cash surrender value life insurance Common stock Discount on bond payable Equipment Fanchise Goodwill Income taxes payable Inventory Investments in stock - long-term Investments in stock - short-term Land Land held for future use Notes payable- long-term Notes payable -short-term Paid in capital - common stock Preferred stock Retained earnings Unearned rent revenue
Transcribed Image Text:Required: Prepare a Balance sheet in good form (always start with the top row in each section) Balance Sheet Date Choices Current Assets Total current assets Long-term Investments Total long-term investments Property plant & equipment Intangible assets Total Intangible assets Total Assets Current Liabilities Total Current liabilties Long-term liabilties Notes payable - long-term Total Liabiliities Stockholders' equity Total Stockholders' equity Total liabilities and stockholders' equity Chart of Accounts Accounts payable Accounts Receivable Accumulated depreciation - building Accumulated depreciation - equipment Allowance for bad debts Bond sinking fund Bonds payable 7% Buildings Cash Cash surrender value life insurance Common stock Discount on bond payable Equipment Fanchise Goodwill Income taxes payable Inventory Investments in stock - long-term Investments in stock - short-term Land Land held for future use Notes payable- long-term Notes payable -short-term Paid in capital - common stock Preferred stock Retained earnings Unearned rent revenue
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