Exercise 9-14A Preparing a classified balance sheet LO 9-6

Required Use the following information to prepare a classified balance sheet for Alpha Co. at the end of Year 1.

Accounts receivable	$	44,910
Accounts payable		9,285
Cash		16,090
Common stock		44,500
Land		29,830
Long-term notes payable		21,850
Merchandise inventory		29,950
Retained earnings		45,145

ALPHA CO. Classified Balance Sheet As of December 31, Year 1 Current assets Total current assets Property, plant and equipment Total property, plant and equipment Total assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Total liabilities Stockholders' equity Total liabilities Stockholders' equity Total stockholders' equity Total liabilities and stockholders' equity