Preparing a Classified Balance Sheet From the following accounts, listed in alphabetical order, prepare a classified balance sheet for Berkly Wholesalers as of December 31. $43.000 Inventory 40.000 Land Accounts payable $117.000 Accounts receivable 45,000 Building 67,000 Mortgage payable (long-term) 78,000 Cash 26.000 Office supplies 2,000 Common stock 111,000 Retained earnings Salaries payable 7.000 Berkly Wholesalers Balance Sheet December 31, 2018 Assets Current Assets Accounts receivable Office supplies Total Current Assets Noncurrent Assets Land Total Noncurrent Assets Total Assets Liabilities & Stockholders' Equity Current Liabilities Salaries payable Total Current Liabilities Long-term Liabilities Total Liabilities Stockholders' Equity Common stock Total Stockholders' Equity o oo %24

Preparing a Classified Balance Sheet From the following accounts, listed in alphabetical order, prepare a classified balance sheet for Berkly Wholesalers as of December 31. $43.000 Inventory 40.000 Land Accounts payable $117.000 Accounts receivable 45,000 Building 67,000 Mortgage payable (long-term) 78,000 Cash 26.000 Office supplies 2,000 Common stock 111,000 Retained earnings Salaries payable 7.000 Berkly Wholesalers Balance Sheet December 31, 2018 Assets Current Assets Accounts receivable Office supplies Total Current Assets Noncurrent Assets Land Total Noncurrent Assets Total Assets Liabilities & Stockholders' Equity Current Liabilities Salaries payable Total Current Liabilities Long-term Liabilities Total Liabilities Stockholders' Equity Common stock Total Stockholders' Equity o oo %24

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)

22nd Edition

ISBN:9781305666160

Author:James A. Heintz, Robert W. Parry

Publisher:James A. Heintz, Robert W. Parry

Chapter15: Financial Statements And Year-end Accounting For A Merchandising Business

Section: Chapter Questions

Problem 4SEB: FINANCIAL RATIOS Based on the financial statements, shown on pages 605606, for McDonald Carpeting...

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