Preparation of Balance Sheet Ari Companys December 31 post-closing trial balance contains the...
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Accounting
Preparation of Balance Sheet Ari Companys December postclosing trial balance contains the following normal balances: Cash $ Accounts payable Building Longterm notes payable Common stock Retained earnings Accumulated depreciationEquipment Land Accounts receivable Accumulated depreciationBuilding Wages payable Patent net of amortization Notes payable short term Inventory Equipment Allowance for doubtful accounts Required Prepare a December classified balance sheet for Ari Company. Do not use negative signs with any of your answers. ARI COMPANY Balance Sheet December Assets Current Assets: Answer Answer Answer Answer Answer Answer Answer Answer Answer Total Current Assets Answer Plant Assets: Land Answer Building Answer Answer Answer Answer Answer Answer Answer Answer Answer Total Plant Assets Answer Intangible Assets: Answer Answer Total Assets Answer Liabilities Current Liabilities: Answer Answer Wages Payable Answer Notes Payable short term Answer Total Current Liabilities Answer LongTerm Liabilities: Answer Answer Total Liabilities Answer Stockholders Equity: Answer Answer Answer Answer Total Stockholders' Equity Answer Total Liabilities and Stockholders Equity Answer
Preparation of Balance Sheet
Ari Companys December postclosing trial balance contains the following normal balances:
Cash $
Accounts payable
Building
Longterm notes payable
Common stock
Retained earnings
Accumulated depreciationEquipment
Land
Accounts receivable
Accumulated depreciationBuilding
Wages payable
Patent net of amortization
Notes payable short term
Inventory
Equipment
Allowance for doubtful accounts
Required
Prepare a December classified balance sheet for Ari Company.
Do not use negative signs with any of your answers.
ARI COMPANY
Balance Sheet
December
Assets
Current Assets:
Answer
Answer
Answer
Answer
Answer
Answer
Answer
Answer
Answer
Total Current Assets Answer
Plant Assets:
Land Answer
Building Answer
Answer
Answer
Answer
Answer
Answer
Answer
Answer
Answer
Total Plant Assets Answer
Intangible Assets:
Answer
Answer
Total Assets Answer
Liabilities
Current Liabilities:
Answer
Answer
Wages Payable Answer
Notes Payable short term Answer
Total Current Liabilities Answer
LongTerm Liabilities:
Answer
Answer
Total Liabilities Answer
Stockholders Equity:
Answer
Answer
Answer
Answer
Total Stockholders' Equity Answer
Total Liabilities and Stockholders Equity Answer
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