From the following accounts, listed in alphabetical order, prepare a classified balance sheet for Berkly Wholesalers as of December 31. Accounts payable $43,000 Inventory $117,000 Accounts receivable 40,000 Land 45,000 Building 67,000 Mortgage payable (long-term) 78,000 Cash 26,000 Office supplies 2,000 Common stock 111,000 Retained earnings ? Salaries payable 7,000 Berkly Wholesalers Balance Sheet December 31, 2018 Assets Current Assets 수 $ Accounts receivable Office supplies Total Current Assets Noncurrent ASsets Land Total Noncurrent Assets Total Assets 24 Liabilities & Stockholders' Equity Current Liabilities Salaries payable Total Current Liabilities Long-term Liabilities Total Liabilities Stockholders' Equity Common stock Total Stockholders' Equity Total Liabilities & Stockholders' Equity $ o o o

From the following accounts, listed in alphabetical order, prepare a classified balance sheet for Berkly Wholesalers as of December 31. Accounts payable $43,000 Inventory $117,000 Accounts receivable 40,000 Land 45,000 Building 67,000 Mortgage payable (long-term) 78,000 Cash 26,000 Office supplies 2,000 Common stock 111,000 Retained earnings ? Salaries payable 7,000 Berkly Wholesalers Balance Sheet December 31, 2018 Assets Current Assets 수 $ Accounts receivable Office supplies Total Current Assets Noncurrent ASsets Land Total Noncurrent Assets Total Assets 24 Liabilities & Stockholders' Equity Current Liabilities Salaries payable Total Current Liabilities Long-term Liabilities Total Liabilities Stockholders' Equity Common stock Total Stockholders' Equity Total Liabilities & Stockholders' Equity $ o o o

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)

22nd Edition

ISBN:9781305666160

Author:James A. Heintz, Robert W. Parry

Publisher:James A. Heintz, Robert W. Parry

Chapter15: Financial Statements And Year-end Accounting For A Merchandising Business

Section: Chapter Questions

Problem 4SEA: FINANCIAL RATIOS Based on the financial statements foe Jackson Enterprises (income statement,...

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