Assume that Cluver Inc. has the following accounts at the end of the current year. 1. Accrued

Question:

Assume that Cluver Inc. has the following accounts at the end of the current year.
1. Accrued Salaries Payable.
2. Cash Restricted for Plant Expansion.
3. Land Held for Future Plant Site.
4. Accumulated Depreciation—Buildings.
5. Retained Earnings
6. Unearned Subscriptions Revenue.
7. Finished Goods.
8. Accounts Receivable.
9. Bonds Payable (due in 4 years).
10. Receivables—Officers (due in one year).
11. Premium on Common Stock.
12. Allowance for Doubtful Accounts— Accounts Receivable
13. Noncontrolling interest
14. Common Stock
15. Treasury Stock (at cost).
16. Raw Materials.
17. Unearned Rent Revenue.
18. Copyrights.
19. Notes Receivable (short-term).
20. Cash.
21. Buildings.
22. Work in Process.
23. Preferred Stock Investments—Long-term.
24. Note Payable, short-term
25. Discount on Bonds Payable.

Instructions
Prepare a classified in good form. (No monetary amounts are necessary.)

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...