Preparing a Classified Balance Sheet
From the following accounts, listed in alphabetical order, prepare a classified balance sheet for Oakland Wholesalers as of December All accounts have normal balances.
Accounts Payable $ Inventory $
Accounts Receivable Land
Building Mortgage Payable long term
Cash Office Supplies
Common Stock Retained Earnings
Salaries Payable
OAKLAND WHOLESALERS
Balance Sheet
December
Assets Liabilities & Stockholders' Equity
Current Assets: Current Liabilities:
Answer
Answer
Answer
Answer
Answer
Answer
Salaries payable Answer
Inventory Answer
Total Current Liabilities Answer
Answer
Answer
Total Current Assets Answer
LongTerm Liabilities:
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Answer
Noncurrent Assets: Total Longterm Liabilities: Answer
Answer
Answer
Building Answer
Total Liabilities Answer
Total LongTerm Assets Answer
Stockholders' Equity:
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Answer
Answer
Answer
Total Stockholders' Equity Answer
Total Assets Answer
Total Liabilities and Stockholders' Equity Answer
