Question 6, BE6-7 (similar to) Part 1 of 2 HW Score: 69.41%, 2 O Points: 0...

Transcribed Image Text:

Question 6, BE6-7 (similar to) Part 1 of 2 HW Score: 69.41%, 2 O Points: 0 of 50 Morris Manufacturing Incorporated provided the following list of account balances for the current year ended December 31. (Click the icon to view the account balances.) Prepare a classified balance sheet using the account format. (Use a minus sign or parentheses for any loss amounts. If an input field is not use ealant a lahal or antar a 70m\ Assets Morris Manufacturing Incorporated Balance Sheet At December 31 Assets Morris Manufacturing Incorporated Balance Sheet At December 31 Account Balances Account Accounts receivable Bonds payable, due in 20 years $ Debit 290,000 Credit $ 430,000 Investments at fair value (trading) 62,000 Accounts payable 178,000 Additional paid-in capital 585,000 Accumulated other comprehensive loss 165,800 Current portion of long-term debt 20,000 Property, plant, and equipment-net 1,265,000 Dividends payable 142,000 Merchandise inventory 261,000 Income taxes payable 65,000 Cash 149,000 Notes payable, due in 5 years 138,400 Retained earnings 598,400 36,000 Common stock $1 par value $ 2,192,800 $ 2,192,800 Totals - X Question 6, BE6-7 (similar to) Part 1 of 2 HW Score: 69.41%, 2 O Points: 0 of 50 Morris Manufacturing Incorporated provided the following list of account balances for the current year ended December 31. (Click the icon to view the account balances.) Prepare a classified balance sheet using the account format. (Use a minus sign or parentheses for any loss amounts. If an input field is not use ealant a lahal or antar a 70m\ Assets Morris Manufacturing Incorporated Balance Sheet At December 31 Assets Morris Manufacturing Incorporated Balance Sheet At December 31 Account Balances Account Accounts receivable Bonds payable, due in 20 years $ Debit 290,000 Credit $ 430,000 Investments at fair value (trading) 62,000 Accounts payable 178,000 Additional paid-in capital 585,000 Accumulated other comprehensive loss 165,800 Current portion of long-term debt 20,000 Property, plant, and equipment-net 1,265,000 Dividends payable 142,000 Merchandise inventory 261,000 Income taxes payable 65,000 Cash 149,000 Notes payable, due in 5 years 138,400 Retained earnings 598,400 36,000 Common stock $1 par value $ 2,192,800 $ 2,192,800 Totals - X