|
Interest receivable
|
102,630
|
|
Rent payable
|
43,000
|
|
Salaries Payable
|
173,000
|
|
Inventory
|
227,800
|
|
Bonds payable
|
370,000
|
|
Equipment
|
3,114,000
|
|
Common stock, $1 par
|
205,000
|
|
Income taxes payable
|
105,000
|
|
Accounts payable
|
485,000
|
|
Notes payable (long-term)
|
2,065,000
|
|
Cash
|
355,000
|
|
Preferred stock, $10 par
|
145,000
|
|
Land
|
484,000
|
|
Prepaid expenses
|
91,920
|
|
Notes receivable
|
445,700
|
|
Current maturities LT debt
|
265,000
|
|
Goodwill
|
$121,000
|
|
Equity investments, trading
|
121,000
|
|
Retained earnings
|
713,850
|
|
Accumulated depreciation
|
$558,200
|
|
Discount on bonds payable
|
65,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Prepare a classified balance sheet in good form. Assume that notes receivable and notes payable are
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short-term, unless stated otherwise. Cost and fair value of equity investments (trading) are the same.
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