P 3-3 The following information was obtained from the accounts of Alleg, Inc., as of De- cember 31, 2012. It is presente

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P 3 3 The Following Information Was Obtained From The Accounts Of Alleg Inc As Of De Cember 31 2012 It Is Presente 1 (211.64 KiB) Viewed 57 times

P 3-3 The following information was obtained from the accounts of Alleg, Inc., as of De- cember 31, 2012. It is presented in scrambled order. Common stock, authorized 21,000 shares at $1 par value, issued 10,000 shares $ 10,000 Additional paid-in capital 38,000 Cash 13,000 Marketable securities 17,000 Accounts receivable 26,000 Accounts payable 15,000 Current maturities of long-term debc 11,000 Mortgages payable 80,000 Bonds payable 70,000 Inventory 30,000 Land and buildings $7,000 Machinery and equipment 125,000 Goodwill 8,000 Patents 10,000 Other assets 50,000 Deferred income taxes (long-term liability) 18,000 Retained earnings 33,000 Accumulated depreciation 61,000 Required Prepare a classified balance sheet in report form. For assets, use the classifications of current assets, plant and equipment, intangibles, and other assets. For liabilities, use the classifications of current liabilities and long-term liabilities.