Question - Oscar's outfitter has provided you with a list of their balance sheet accounts in alphabetical order related to December 31, 2011.
Accounts Receivable 28,600
Accounts Payable 31,400
Accumulated Depreciation- Buildings 211,000
Accumulated Depreciation- Equipment 28,000
Allowance for Doubtful Accounts 2,800
Bonds Payable 360,000
Buildings 835,000
Cash 45,000
Common Stock 265,000
Copyrights 25,000
Equipment 75,000
Finished Goods Inventory 100,000
Land 89,000
Materials & Supplies Inventory 43,000
Patents 74,000
Preferred Stock 100,000
Prepaid Insurance 6,800
Retained Earnings 356,150
Trademarks 65,000
Unearned Fees 28,000
Wages and Salaries Payable 4,050
Prepare a classified Balance sheet by including all of the above accounts under one of the following categories:
Current Assists
Property, Plant, and Equipment
Other long-term assets
Current Liabilities
Long-term Liabilities
Stockholders' Equity