Use the following selected accounts and amounts with normal balances from Andrea Company's adjusted trial balance...

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Use the following selected accounts and amounts with normal balances from Andrea Company's adjusted trial balance to prepare its classified balance sheet at December 31. Accounts payable Land Cash Salaries payable Retained Earnings Machinery Prepaid insurance $ 12,800 Accounts receivable. 38,000 Accumulated depreciation-Machinery 15,400 Notes payable (due in 7 years) 1,800 Long-term investments in bonds 28,400 Notes receivable (due in 4 years) 26,400 Merchandise inventory 5,200 Common stock. $ 4,800 19, 200 35,400 8,600 19,800 5,800 26,400 Use the following selected accounts and amounts with normal balances from Andrea Company's adjusted trial balance to prepare its classified balance sheet at December 31. Accounts payable Land Cash Salaries payable Retained Earnings Machinery Prepaid insurance $ 12,800 Accounts receivable. 38,000 Accumulated depreciation-Machinery 15,400 Notes payable (due in 7 years) 1,800 Long-term investments in bonds 28,400 Notes receivable (due in 4 years) 26,400 Merchandise inventory 5,200 Common stock. $ 4,800 19, 200 35,400 8,600 19,800 5,800 26,400

Answer rating: 100% (QA)

Balance Sheet Is one ofthe three major financial statements It contains assets liabilities and stock... View the full answer