Selected accounts from Lue Company's adjusted trial balance for the year ended December follow. Prepare a classified balance sheet.
Total equity
Equipment
Salaries payable
Accounts receivable
Cash
Current portion of longterm debt
Notes payable due in years
$ Employee federal income taxes payable
Federal unemployment taxes payable
FICAMedicare taxes payable
FICASocial Security taxes payable
Employee medical insurance payable
State unemployment taxes payable
Sales tax payable due in weeks
$
tableLUE COMPANYBalance SheetDecember AssetsCurrent assetsCash$Accounts receivable,,Total current assets,,Plant assetsEquipmentTotal assets,$LiabilitiesCurrent liabilitiesSalaries payable,$Current portion of longterm debt
