Question: How do I complete a classified balance sheet for the following information?The following information is available for Sergio Company for the year ended December 31,
How do I complete a classified balance sheet for the following information?The following information is available for Sergio Company for the year ended December 31, 2020:
| Accounts payable | $4,300 | |
| Accumulated depreciation - equipment | 5,000 | |
| Owners capital | 8,300 | |
| Intangible assets | 2,500 | |
| Notes payable (due in 5 years) | 6,500 | |
| Accounts receivable | 1,900 | |
| Cash | 2,800 | |
| Short-term investments | 2,500 | |
| Equipment | 8,700 | |
| Long-term investments | 5,700 |
Use the above information to prepare a classified balance sheet for the year ended December 31, 2020
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