Assume that Denis Savard Inc. has the following accounts at the end of the curre
ID: 2425455 • Letter: A
Question
Assume that Denis Savard Inc. has the following accounts at the end of the current year.
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Instructions
Prepare a classified balance sheet in good form. (No monetary amounts are necessary.)
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Common Stock.2.
Discount on Bonds Payable.3.
Treasury Stock (at cost).4.
Notes Payable (short-term).5.
Raw Materials.6.
Preferred Stock Investments (long-term).7.
Unearned Rent Revenue.8.
Work in Process.9.
Copyrights.10.
Buildings.11.
Notes Receivable (short-term).12.
Cash.13.
Salaries and Wages Payable.14.
Accumulated Depreciation—Buildings.15.
Restricted Cash for Plant Expansion.16.
Land Held for Future Plant Site.17.
Allowance for Doubtful Accounts.18.
Retained Earnings.19.
Paid-in Capital in Excess of Par—Common Stock.20.
Unearned Subscriptions Revenue.21.
Receivables—Officers (due in one year).22.
Inventory (finished goods).23.
Accounts Receivable.24.
Bonds Payable (due in 4 years).25.
Noncontrolling Interest.Explanation / Answer
DENIS SAVARD INC. BALANCE SHEET
ASSETS LIBALITES CURRENT ASSETS CURRENT LIBALITES CASH NOTES PAYBLE LESS CASH RESTRICTED FOR PLANT EXPANSION UNEARNNED SUBSCRIPTION REVENUE RAW MATERIAL SALARIES & WAGES PAYBLE WORK IN PROCESS UNEARNNED REVENUE NOTES RECEVIBALE RECEIVABLE ACCOUNTS RECEIVABLE LONG TERM LIBALITES LESS ALLOWANCES FOR DOUBTFULL DEBT BONDS PAYBLE INVENTORY FINISHED GOODS INVESTMENTS PREFERED STOCK INVESTMENT FIXED ASSETS BUILDING LESS ACUMULATED DEPERICATION LAND HELD FOR FUTURE PLANT SITE INTANGIBLE ASSETS COPY RIGHTS STOCK HOLDERS EQUITY & NON CONTROLLING INTEREST COMMON STOCK OTHER ASSETS RETAINED EARNNINGS DISCOUNT ON BONDS PAYBLE LESS TREASURY STOCK PAID UP CAPITAL IN EXCESS OF PAR NON CONTROLLING INTERESTRelated Questions
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