Question: Exercise 9-15 Preparing a balance sheet LO C1, P2, P3 Selected accounts from Lue Co.'s adjusted trial balance for the year ended December 31 follow.
Exercise 9-15 Preparing a balance sheet LO C1, P2, P3 Selected accounts from Lue Co.'s adjusted trial balance for the year ended December 31 follow. Prepare a classified balance sheet Total equity Equipment Salaries payable Accounts receivable Cash Current portion of long-term debt Notes payable (due in 6 years) $ 30,000 40,000 34,000 5,100 50,000 4,000 10.000 Employee federal income taxes payable Federal unemployment taxes payable FICA-Medicare taxes payable PICA-Social Security taxes payable Employee medical insurance payable State unemployment taxes payable Sales tax payable (due in 2 weeks) $ 9,000 200 725 3,100 2,000 1,800 275 LUE CO. Balance Sheet December 31 Assets Current assets Total current assets Plant assets Total assets Liabilities Current liabilities
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