Accounts payable Accounts receivable $ 65,100 95,500 Accumulated depreciation (on building) Accumulated depreciation (on data processing equipment) Accumulated depreciation (on trucks) Bonds payable (due Aug. 30, 2023) Building (warehouse) Equipment, data processing Income taxes payable Interest payable Inventory Investments (long-term) Investments (short-term) S309,000 21,600 12,600 187,900 32,700 21,000 41,000 150,000 216,800 172,400 31,200 Land Notes payable (due June 1, 2020) Prepaid insurance (for 4 months) Retained earnings, 12/31/2019 Salaries payable Trucks 200,000 419,900 5,700 ? Cash 11,400 14,400 106,100 Common stock 150,000

Accounts payable Accounts receivable $ 65,100 95,500 Accumulated depreciation (on building) Accumulated depreciation (on data processing equipment) Accumulated depreciation (on trucks) Bonds payable (due Aug. 30, 2023) Building (warehouse) Equipment, data processing Income taxes payable Interest payable Inventory Investments (long-term) Investments (short-term) S309,000 21,600 12,600 187,900 32,700 21,000 41,000 150,000 216,800 172,400 31,200 Land Notes payable (due June 1, 2020) Prepaid insurance (for 4 months) Retained earnings, 12/31/2019 Salaries payable Trucks 200,000 419,900 5,700 ? Cash 11,400 14,400 106,100 Common stock 150,000

Name: Classified Balance Sheet OBJECTIVEJerrison Company operates a wholesal
Uploaded: 2024-03-05T11:47:04.000Z
Channel: Bartleby
Description: Classified Balance Sheet OBJECTIVEJerrison Company operates a wholesale hardware business. Thefollowing balance sheet accounts and balances are available for Jerrisonat December 31, 2019.Required:1. Prepare a classified balance sheet for Jerrison at

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter7: Operating Assets

Section: Chapter Questions

Problem 24CE

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