Required:
Using the information given below, prepare a classified balance sheet in good form for Babic Company at December 31, 2010.
Accounts Payable | $ 83,000 |
Accounts Receivable | 109,000 |
Accrued Liabilities | 22,000 |
Accumulated Depreciation | 326,000 |
Cash | 32,000 |
Common Stock | 107,000 |
Convertible Debentures | 561,000 |
Deferred Income Taxes (long-term liability) | 117,000 |
Equipment | 1,070,000 |
Inventory | 146,000 |
Land | 917,000 |
Marketable Securities | 11,000 |
Paid-In Capital in Excess of Par | 141,000 |
Retained Earnings | 952,000 |
Treasury Stock | 24,000 |
11 years ago
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