- Required Use The Following Information To Prepare A Classified Balance Sheet For Alpha Co At The End Of Year 1 Account 1 (10.74 KiB) Viewed 9 times
Required Use the following information to prepare a classified balance sheet for Alpha Co. at the end of Year 1. Accounts receivable Accounts payable Cash Common stock Land Long-term notes payable Merchandise inventory Retained earnings $42,910 7,210 14,600 45,000 27,110 23,400 27,075 36,085
Current assets Accounts receivable Cash Total current assets Property, plant and equipment Land Total property, plant and equipment Total assets Current liabilities Accounts payable Long-term liabilities ALPHA CO. Classified Balance Sheet As of December 31, Year 1 Total liabilities Stockholders' equity Common stock Retained earnings Liabilities and Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity $ 69 $ 0 0 0 0 0 0