Preparation of Balance Sheet
Ari Companys December postclosing trial balance contains the following normal balances:
Cash $
Accounts payable
Building
Longterm notes payable
Common stock
Retained earnings
Accumulated depreciationEquipment
Land
Accounts receivable
Accumulated depreciationBuilding
Wages payable
Patent net of amortization
Notes payable short term
Inventory
Equipment
Allowance for doubtful accounts
Required
Prepare a December classified balance sheet for Ari Company.
Do not use negative signs with any of your answers.
ARI COMPANY
Balance Sheet
December
Assets
Current Assets:
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Total Current Assets Answer
Plant Assets:
Land Answer
Building Answer
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Total Plant Assets Answer
Intangible Assets:
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Total Assets Answer
Liabilities
Current Liabilities:
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Answer
Wages Payable Answer
Notes Payable short term Answer
Total Current Liabilities Answer
LongTerm Liabilities:
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Total Liabilities Answer
Stockholders Equity:
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Answer
Answer
Total Stockholders' Equity Answer
Total Liabilities and Stockholders Equity Answer
