(Preparation of a Classified Balance Sheet, Periodic Inventory) Presented below is a list of accounts in alphabetical order. Accounts Receivable Buildings Accumulated Depreciation—Buildings Cash (in bank) Accumulated Depreciation—Equipment Cash (on hand) Accumulated Other Comprehensive Income Cash Surrender Value of Life Insurance Advances to Employees Commission Expense Advertising Expense Common Stock Allowance for Doubtful Accounts Interest Receivable Bond Sinking Fund Inventory—Beginning Bonds Payable Inventory—Ending Land Prepaid Rent Land for Future Plant Site Purchase Returns and Allowances Loss from Flood Purchases Notes Payable (due next year) Retained Earnings Paid-in Capital in Excess of Par—Preferred Stock Salaries and Wages Expense (sales) Patents Salaries and Wages Payable Payroll Taxes Payable Sales Discounts Pension Liability Sales Revenue Petty Cash Treasury Stock (at cost) Preferred Stock Unearned Subscriptions Revenue Premium on Bonds Payable
Instructions Prepare a classified balance sheet in good form. (No monetary amounts are to be shown.)
