Question

The following data pertain to Mamba, Inc.: Accounts Payable, $20,400; Accounts Receivable, $15,200; Accumulated Depreciation—Building, $5,600; Accumulated Depreciation—Equipment, $6,800; Bonds Payable, $24,000; Building, $28,000; Cash, $12,480; Common Stock, $10 par, 4,000 shares authorized, issued, and outstanding, $40,000; Copyright, $2,480; Equipment, $60,800; Inventory, $16,000; Investment in Corporate Securities (long-term), $8,000; Investment in Six-Month Government Securities, $6,560; Land, $3,200; Paid-In Capital in Excess of Par Value, $20,000; Prepaid Rent, $480; Retained Earnings, $35,280; and Revenue Received in Advance, $1,120.
Prepare a classified balance sheet at December 31, 2011.



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  • CreatedSeptember 10, 2014
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