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Preparation of a classified Balance sheet Assume that Denis Savard Inc. has the following accounts at the end of the current year.

Common stock

Discount on Bonds Payable

Treasury Stock (at cost)

Notes Payable (short-term)

Raw Materials

Preferred Stock Investments (long-term)

Unearned Rent Revenue

Work in Process

Copyrights

Buildings

Notes Receivable (short-term)

Cash

Salaries and Wages Payable

Accumulated Depreciation-Buildings

Restricted Cash for Plant Expansion

Land Held for Future Plant Site

Allowance for Doubtful Accounts

Retained Earnings

Paid-in Capital in Excess of Par-Common Stock

Unearned Subscriptions Revenue

Receivabl3es-officers (due in one year)

Inventory (finished goods)

Accounts Receivable

Bonds Payable (due in 4 years)

Non-controlling Interest

*Prepare a classified balance sheet in good form (No monetary amounts are necessary.

Financial Accounting, Accounting

  • Category:- Financial Accounting
  • Reference No.:- M91625379

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