Question: just having trouble on the wrong part Exercise 4-19 (Static) Preparing a classified balance sheet for a merchandiser LO P4 Adams Company reports the following


Exercise 4-19 (Static) Preparing a classified balance sheet for a merchandiser LO P4 Adams Company reports the following balance sheet accounts as of December 31. $ 6,000 Retained earnings 55,000 Notes payable (due in 9 years) 7,000 office supplies Salaries payable Buildings Prepaid rent Merchandise inventory Accounts payable Prepaid insurance. Accounts receivable Common stock Required: Prepare a classified balance sheet. Current assets Cash Accounts receivable Merchandise inventory Prepaid rent Prepaid insurance Office supplies 14,000 Land 10,000 Accumulated depreciation-Building 3,000 Mortgages payable (due in 5 years) 4,000 Cash 10,000 Answer is not complete. ADAMS COMPANY Balance Sheet December 31 Assets 33333 $ 16,000 4,000 14,000 7,000 3,000 2,000
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