Question: P36 Balance sheet preparation Use the appropriate items from the following list to prepare in good form Mellarks Baked Goods balance sheet at December 31,

P36 Balance sheet preparation Use the appropriate items from the following list to prepare in good form Mellarks Baked Goods balance sheet at December 31, 2015.

Mellark's Baked Goods
Balance Sheet
December 31, 2015
Assets
Current assets
Inventories
Accounts receivable
Marketable securities
Cash
Total current assets
Gross fixed assets
Total gross fixed assets
Less: Accumulated depreciation
Net fixed assets
Total assets
Liabilities and stockholders' equity
Current liabilities
Accounts payable
Accruals
Total current liabilities
Long-term debt
Total liabilities
Stockholders' equity
Preferred stock
Common stock (at par)
Paid-in capital in excess of par
Retained earnings
Total stockholders' equity
Total liabilities & stockholders' equity

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