Question: Current Attempt in Progress Your answer is partially correct. Assume that Denis Savard Inc. has the following accounts at the end of the current year.

Current Attempt in Progress Your answer is partially correct. Assume that Denis Savard Inc. has the following accounts at the end of the current year. 1. Common Stock. 14. Accumulated Depreciation-Buildings. 2. Discount on Bonds Payable. 15. Restricted Cash for Plant Expansion. 3. Treasury Stock (at cost). 16. Land Held for Future Plant Site. 4. Notes Payable (short-term). 17. Allowance for Doubtful Accounts. 5. Raw Materials. 18. Retained Earnings. 6. Preferred Stock Investments (long-term). 7. Unearned Rent Revenue. 8. Work in Process. 9. Copyrights. 10. Buildings. 11. Notes Receivable (short-term). 12. Cash. 2 2 2 2 2 2 2 19. 20. 21. Paid-in Capital in Excess of Par-Common Stock. Unearned Subscriptions Revenue. Receivables-Officers (due in one year). 22. Inventory (finished goods). 23. Accounts Receivable. 24. Bonds Payable (due in 4 years). 25. Noncontrolling Interest. 13. Salaries and Wages Payable. Prepare a classified balance sheet in good form. (List Current Assets in order of liquidity. For Land, Treasury Stock, Notes Payable, Preferred Stock Investments, Notes Receivable, Receivables-Officers, Inventory, Bonds Payable, and Restricted Cash, enter the account name only and do not provide the descriptive information provided in the question.) Less Total Liabilities Discount on Bonds Payable (XXX) XXX Stockholders' Equity Capital Stock Common Stock Additional Paid-in Capital XXX Paid-in Capital in Excess of Par - Common Stock XXX Total Paid-in Capital XXX Retained Earnings XXX Total Paid-in Capital and Retained Earnings XXX Less Treasury Stock Total Stockholders' Equity Preferred Stock Total Stockholders' Equity Total Liabilities and Stockholders' Equity (XXX) XXX XXX XXX XXX $XXX

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