Presented below is a list of accounts in alphabetical order. Accounts Receivable Land Accumulated DepreciationBuildings Land for

Question:

Presented below is a list of accounts in alphabetical order.
Accounts Receivable Land
Accumulated Depreciation—Buildings Land for Future Plant Site
Accumulated Depreciation—Equipment Loss from Flood
Advances to Employees Notes Payable (due next year)
Advertising Expense Patents
Allowance for Doubtful Accounts Payroll Taxes Payable
Bond Sinking Fund Pension Obligations
Bonds Payable Petty Cash
Buildings Preferred Stock
Cash in Bank Premium on Bonds Payable
Cash on Hand Paid-in Capital in Excess of Par—Preferred Stock
Cash Surrender Value of Life Insurance Prepaid Rent
Commission Expense Purchases
Common Stock Purchase Returns and Allowances
Copyrights Retained Earnings
Debt Investments (trading) Sales
Dividends Payable Sales Discounts
Equipment Salaries and Wages Expense (sales)
Gain on Sale of Equipment Salaries and Wages Payable
Interest Receivable Transportation-in
Inventory—Beginning Treasury Stock (at cost)
Inventory—Ending Unearned Subscriptions Revenue
Instructions
Prepare a classified in good form. (No monetary amounts are to be shown.)

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...