Arrange the following items in proper balance sheet presentation Accumulated
Arrange the following items in proper balance sheet presentation:
Accumulated depreciation............................. $309,000
Retained earnings.................................... 187,000
Cash................................................. 14,000
Bonds payable........................................ 136,000
Accounts receivable.................................. 54,000
Plant and equipment—original cost.................... 775,000
Accounts payable..................................... 35,000
Allowance for bad debts.............................. 9,000
Common stock, $1 par, 100,000 shares outstanding..... 100,000
Inventory............................................ 70,000
Preferred stock, $59 par, 1,000 shares outstanding... 59,000
Marketable securities................................ 24,000
Investments.......................................... 20,000
Notes payable........................................ 34,000
Capital paid in excess of par (common stock)......... 88,000

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