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. $9,500 Accounts receivable 32,500 Accumulated depreciation-Machinery 13,750 Notes payable (dee in 7 years) 1,250 Long-term investnents in bonds 24,000 Notes receivable (due in 4 years) 22,000 Merchandise inventory 3,000 Common stock $ 4,250 17,000 31,000 7,500 16,500 5,250 22,000 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. $9,500 Accounts receivable 32,500 Accumulated depreciation-Machinery 13,750 Notes payable (dee in 7 years) 1,250 Long-term investnents in bonds 24,000 Notes receivable (due in 4 years) 22,000 Merchandise inventory 3,000 Common stock $ 4,250 17,000 31,000 7,500 16,500 5,250 22,000
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The following is the classified balance sheet for Andrea Company as of D... View the full answer
Related Book For
Fundamental Accounting Principles
ISBN: 978-1259536359
23rd edition
Authors: John Wild, Ken Shaw, Barbara Chiappett
Posted Date:
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