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Exercise 6-15 (Algo) Preparing a balance sheet LO...

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Accounting

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Exercise 6-15 (Algo) Preparing a balance sheet LO C2 Use the following accounts with normal balances to prepare Bosco Company's classified balance sheet as of December 31 Merchandise inventory $ 4,500 Land $ 25,500 Accounts receivable 6,500 Buildings 43,000 Cash and equivalents 8,500 Accounts payable 11,500 Notes payable (due in 8 years) 16,500 Wages payable 3,500 Accumulated depreciation-Buildings 23,500 Common stock 2,500 Retained earnings 30,500 BOSCO COMPANY Balance Shoot December 31 Assets Current assets Total current assets Plant assets $ 0 0 Total current assets $ $ 0 Plant assets 0 Total plant assets Total assets 0 $ $ 0 Liabilities Current liabilities Total current liabilities Long-term liabilities 0 Total liabilities Equity Total equity Total liabilities and equity 0

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