Assume that Denis Savard Inc. has the following accounts at the end of the current year.
|
| 1. |
|
Common Stock |
|
14. |
|
Accumulated Depreciation-Buildings. |
| 2. |
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Discount on Bonds Payable. |
|
15. |
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Cash Restricted for Plant Expansion. |
| 3. |
|
Treasury Stock (at cost). |
|
16. |
|
Land Held for Future Plant Site. |
| 4. |
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Notes Payable (short-term). |
|
17. |
|
Allowance for Doubtful Accounts. |
| 5. |
|
Raw Materials |
|
18. |
|
Retained Earnings. |
| 6. |
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Preferred Stock (Equity) Investments (long-term). |
|
19. |
|
Paid-in Capital in Excess of Par-Common Stock. |
| 7. |
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Unearned Rent Revenue. |
|
20. |
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Unearned Subscriptions Revenue. |
| 8. |
|
Work in Process. |
|
21. |
|
Receivables-Officers (due in one year). |
| 9. |
|
Copyrights. |
|
22. |
|
Inventory (finished goods). |
| 10. |
|
Buildings. |
|
23. |
|
Accounts Receivable. |
| 11. |
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Notes Receivable (short-term). |
|
24. |
|
Bonds Payable (due in 4 years). |
| 12. |
|
Cash. |
|
25. |
|
Noncontrolling Interest. |
| 13. |
|
Salaries and Wages Payable.
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|
|
|
Prepare a classified balance sheet in good form.