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Adams Co

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Adams Co. reports the following balance sheet accounts as of December 31. $ Salaries payable Buildings Prepaid rent Merchandise inventory Accounts payable Prepaid insurance Accounts receivable Common stock 6,400 61,400 7,400 14,800 14,000 3,800 8,000 14,000 Retained earnings Notes payable (due in 9 years) Office supplies Land Accumulated depreciation-Building Mortgages payable (due in 5 years) Cash $ 54,000 38,000 2,800 30,000 5,800 20,000 24,000 Required: Prepare a classified balance sheet. (Amounts to be deducted should be indicated by a minus sign.) ces ADAMS CO. Balance Sheet December 31 Assets Current assets 0
Total current assets $ Plant assets 0 Total plant assets Total assets 0 $ 0 Liabilities Current liabilities Total current liabilities Long-term liabilities $ 0 Total long-term liabilities Total liabilities 0 Equity
10 0 Total plant assets Total assets $ 0 Liabilities Current liabilities is kipped TA 0 eBook Total current liabilities Long-term liabilities Print eferences 0 Total long-term liabilities Total liabilities 0 Equity 0 Total equity Total liabilities and equity 0