Social Studies, 15.02.2020 01:48 mmaglaya1
Assume that Denis Savard Inc. has the following accounts at the end of the current year.
1. Common Stock 14. Accumulated Depreciation-Buildings.
2. Discount on Bonds Payable. 15. Cash Restricted for Plant Expansion.
3. Treasury Stock (at cost). 16. Land Held for Future Plant Site.
4. Notes Payable (short-term). 17. Allowance for Doubtful Accounts.
5. Raw Materials 18. Retained Earnings.
6. Preferred Stock (Equity) Investments (long-term). 19. Paid-in Capital in Excess of Par-Common Stock.
7. Unearned Rent Revenue. 20. Unearned Subscriptions Revenue.
8. Work in Process. 21. Receivables-Officers (due in one year).
9. Copyrights. 22. Inventory (finished goods).
10. Buildings. 23. Accounts Receivable.
11. Notes Receivable (short-term). 24. Bonds Payable (due in 4 years).
12. Cash. 25. Noncontrolling Interest.
13. Salaries and Wages Payable.
Prepare a classified balance sheet in good form. (List Current Assets in order of liquidity. For Land, Treasury Stock, Notes Payable, Preferred Stock Investments, Notes Receivable, Receivables-Officers, Inventory, Bonds Payable, and Restricted Cash, enter the account name only and do not provide the descriptive information provided in the question.)
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Assume that Denis Savard Inc. has the following accounts at the end of the current year.
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