Accounting Practice Problem 13

13 Selected accounts from Lue Co.'s adjusted trial balance for the year ended December 31 follow. Prepare a classified balance sheet. 3.3 Total equity $ 30, 400 Employee federal income taxes payable $ 9 , 200 points Equipment 40, 400 Federal unemployment taxes payable 260 Salaries payable 34, 400 FICA-Medicare taxes payable 720 Skipped Accounts receivable 5,900 FICA-Social Security taxes payable 3, 400 Cash 51, 300 Employee medical insurance payable 2, 400 Current portion of long-term debt 4, 400 State unemployment taxes payable 2, 100 Notes payable (due in 6 years) 10, 000 Sales tax payable (due in 2 weeks) 320 Book LUE CO. In Balance Sheet References December 31 Assets Current assets Total current assets Plant assets Total assets Liabilities Current liabilities Total current liabilities Long-term liabilities Total liabilities Equity Total equity Total liabilities and equity