Question

Domino Company showed the following adjusted trial balance information for its December 31, 2014, year-end.
Account...................Balance
Accounts payable.......... $41,700
Accounts receivable......... 36,000
Accum. deprec., building........ 346,000
Accum. deprec., machinery...... 119,000
Allowance for doubtful accounts..... 1,100
Building............... 520,000
Cash.................. 18,300
Estimated warranty liabilities........ 10,300
Income taxes payable............ 7,100
Income tax expense.......... 118,600
Interest payable............. 530
Interest receivable........... $55
Jake Bedoe, capital.......... 257,125
Land................ 81,400
Machinery.............. 289, 000
Merchandise inventory.......... 119,000
Notes payable2.............. 184,000
Notes receivable, due 2015......... 22,000
Operating expenses.......... 895,900
Prepaid rent............... 36,000
Revenue.............. 1,140,000
Unearned revenue............. 29,400

Required
Prepare a classified balance sheet for Domino Company at December 31, 2014.



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  • CreatedJanuary 08, 2015
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