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MBC + Extra Credit 4 (Exam 2 review) Classified Balance Sheet The Werthman...

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Accounting

MBC + Extra Credit 4 (Exam 2 review) Classified Balance Sheet The Werthman Company collected the following information for the preparation of its December 31, classified balance sheet: Accounts Receivable Cash Other Current Assets Accounts Payable Long-Term Liabilities Other Current Liabilities Prepare a classified balance sheet for Werthman Company. WERTHMAN COMPANY Balance Sheet December 31 Current Assets: Inventory $15,100 Property Plant and Equipment $200,000 17,100 Inventory 65,000 25,100 Other Long-Term Assets 40,100 21,100 Common stock 95,100 ? 55,100 Retained Earnings 18,100 Total Assets Assets Total Current Assets Long-term Assets Property, Plant and Equipment $ + Total Long-term Assets Liabilities & Stockholders' Equity Current Liabilities: Other Current Liabilities Total Current Liabilities Long-term Liabilities Total Liabilities $ Total Long-term Liabilities Stockholders' Equity: Total Stockholders' Equity Total Liabilities and Stockholders' Equity $
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Prepare a classified balance sheet for Werthman Company

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