Required: Use the following accounts with normal balances to prepare Bosco Company's classified balance sheet as...

 

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Required: Use the following accounts with normal balances to prepare Bosco Company's classified balance sheet as of December 31. (Click on the Balance Sheet Tab below.) Merchandise inventory $3,000 Accounts receivable 5,000 Cash and equivalents 7,000 Notes payable (due in 8 years) 15,000 Accumulated depreciation-Buildings 22,000 Land 24,000 Buildings 40,000 Accounts payable 10,000 Wages payable 2,000 A. Bosco, Capital 30,000 Required: Use the following accounts with normal balances to prepare Bosco Company's classified balance sheet as of December 31. (Click on the Balance Sheet Tab below.) Merchandise inventory $3,000 Accounts receivable 5,000 Cash and equivalents 7,000 Notes payable (due in 8 years) 15,000 Accumulated depreciation-Buildings 22,000 Land 24,000 Buildings 40,000 Accounts payable 10,000 Wages payable 2,000 A. Bosco, Capital 30,000