Answer Happy

Assume that Denis Savard Inc. has the following accounts at the end of the current year. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. Common Stock. Discount on Bonds Payable. Treasury Stock (at cost). Notes Payable (short-term). Raw Materials. Preferred Stock Investments (long-term). Unearned Rent Revenue. Work in Process. Copyrights. Buildings. Notes Receivable (short-term). Cash. Salaries and Wages Payable. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. Accumulated Depreciation-Buildings. Restricted Cash for Plant Expansion. Land Held for Future Plant Site. Allowance for Doubtful Accounts. Retained Earnings. Paid-in Capital in Excess of Par-Common Stock. Unearned Subscriptions Revenue. Receivables-Officers (due in one year). Inventory (finished goods). Accounts Receivable. Bonds Payable (due in 4 years). Noncontrolling Interest.

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.) v: Denis Savard Inc. Balance Sheet December 31, 20- Assets $XXX XXX XXX XXX $XXX XXX XXX XXX

XXX XXX XXX XXX XXX XXX XXX $XXX XXX

Question 10 of 13 Liabilities and Stockholders' Equity $XXX XXX XXX XXX XXX XXX XXX XXX $XXX $XXX - /3 !!!

XXX XXX XXX $XXX (XXX ) VVV $XXX XXX XXX

eTextbook and Media List of Accounts XXX XXX XXX (XXX ) XXX XXX XXX $XXX