Using the following data, prepare a classified balance sheet for Blanchard Company as of December 31, 2015.
|
Cash
|
$ 200
|
|
Accumulated Depreciation- Building
|
$ 1,000
|
|
Investments in Short-Term Government Securities
|
400
|
|
Franchise
|
1,800
|
|
Accounts Receivable
|
800
|
|
Accounts Payable
|
1,600
|
|
Inventory
|
3,000
|
|
Revenues Received in Advance
|
400
|
|
Prepaid Rent
|
100
|
|
Notes Payable (in two years)
|
4,000
|
|
Investment in Land Held for future use
|
2,700
|
|
Common Stock
|
12,000
|
|
Land
|
2,000
|
|
|
|
|
Building
|
8,000
|
|
|