Answer Happy

The following is the ending balances of accounts at June 30, 2021, for Excell Company. Account Title Debits Credits Cash 87,000 69,000 284,000 36,000 79,000 324,000 Short-term investments Accounts receivable (net) Prepaid expenses (for the next 12 months) Land Buildings Accumulated depreciation- buildings Equipment Accumulated depreciation- equipment Accounts payable Accrued liabilities Notes payable Mortgage payable Common stock Retained earnings Totals $ b. 267,000 C. d. Additional information: 1. The short-term investments account includes $20,000 in U.S. treasury bills purchased in May. The bills mature in July, 2021. 2. The accounts receivable account consists of the following: a.Amounts owed by customers Allowance for uncollectible accounts-trade customers Nontrade notes receivable (due in three *years) Interest receivable on notes (due in four months) Total $ 162,000 122,000 175,000 47,000 104,000 230,000 120,000 186,000 $1,146,000 $1,146,000 $227,000 (16,000) 67,000 6,000 $284,000 3. The notes payable account consists of two notes of $52,000 each. One note is due on September 30, 2021, and the other is due on November 30, 2022. 4. The mortgage payable is a loan payable to the bank in semiannual installments of $4,600 each plus interest. The next payment is due on October 31, 2021. Interest has been properly accrued and is included in accrued expenses. 5. Nine hundred thousand shares of no par common stock are authorized, of which 240,000 shares have been issued and are outstanding. 6. The land account includes $52,000 representing the cost of the land on which the company's office building resides. The remaining $27,000 is the cost of land that the company is holding for investment purposes.
Required: Prepare a classified balance sheet for the Excell Company at June 30, 2021. (Amounts to be deducted should be indicated by a minus sign.) Current assets: Total current assets Investments: Property, plant, and equipment: EXCELL COMPANY Balance Sheet At June 30, 2021 Assets Net property, plant, and equipment Total assets Current liabilities: Liabilities and Shareholders' Equity Total current liabilities Long-term liabilities: Total long-term liabilities Total liabilities Shareholders' equity equity Total shareholders' equity Total liabilities and shareholders