Arrange the following items in proper balance sheet presentation: Note: Amounts to be deducted should be...

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Arrange the following items in proper balance sheet presentation: Note: Amounts to be deducted should be indicated with parentheses or a minus sign. Accumulated depreciation Retained earnings Cash Bonds payable Accounts receivable Plant and equipment-original cost Accounts payable Allowance for bad debts Common stock, $1 par, 100,000 shares outstanding Inventory Preferred stock, $56 par, 1,000 shares outstanding Marketable securities Investments Notes payable Capital paid in excess of par (common stock) Current Assets: Cash Accounts receivable Inventory Net accounts receivable Total current assets Other Assets: Fixed assets: Net plant and equipment Total assets Assets Balance Sheet $ $ $ $ 12,000 $ 377,000 87,000 12,000 215,000 52,000 844,000 38,000 13,000 100,000 66,000 56,000 26,000 22,000 41,000 95,000 Liabilities and Stockholders' Equity Current Liabilities: Total current liabilities 0 12,000 Total liabilities Stockholders' Equity: 0 Total stockholders' equity 12,000 Total liabilities and stockholders' equity $ $ $ $ 0 0 0 0 Arrange the following items in proper balance sheet presentation: Note: Amounts to be deducted should be indicated with parentheses or a minus sign. Accumulated depreciation Retained earnings Cash Bonds payable Accounts receivable Plant and equipment-original cost Accounts payable Allowance for bad debts Common stock, $1 par, 100,000 shares outstanding Inventory Preferred stock, $56 par, 1,000 shares outstanding Marketable securities Investments Notes payable Capital paid in excess of par (common stock) Current Assets: Cash Accounts receivable Inventory Net accounts receivable Total current assets Other Assets: Fixed assets: Net plant and equipment Total assets Assets Balance Sheet $ $ $ $ 12,000 $ 377,000 87,000 12,000 215,000 52,000 844,000 38,000 13,000 100,000 66,000 56,000 26,000 22,000 41,000 95,000 Liabilities and Stockholders' Equity Current Liabilities: Total current liabilities 0 12,000 Total liabilities Stockholders' Equity: 0 Total stockholders' equity 12,000 Total liabilities and stockholders' equity $ $ $ $ 0 0 0 0

Answer rating: 100% (QA)

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