The CEO of Jisko requests our help in preparing year-end financial reports. The CEO explains...

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Accounting

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The CEO of Jisko requests our help in preparing year-end financial reports. The CEO explains that they are having difficulty classifying accounts. The Tableau dashboard shows December 31 year-end data from the company's accounting system. Liabilities \& Equity +s+ableau 1. Prepare a classified balance sheet at its December 31 year-end. (Hint: remember to include accumulated depreciation - trucks.) 2. Assume the company had a notes receivable of $2,000 that was to be collected within 3 months, how would it be reported on a classified balance sheet? 3. Assume Land reported in the company's accounting system is not used in operations, and is instead being heid for future expansion. How should this account be reported on the balance sheet? Complete this question by entering your answers in the tabs below. Prepare a classified balance sheet at its December 31 year-end. (Hint: remember to include accumulated depreciation trucks.) ASSETS: Land (used in operation): $114,000 Long term investment in stock: $36,000 Accounts receivable: $24,000 Inventory: $55,000 Intangible assets: $15,000 Notes receivable (due in 3 yrs): $26,000 Cash: $26,000 Prepaid Expenses: 10,800 Supplies: $10,200 Trucks: $46,000. - Accumulated depreciation: $12,000 Liabilities and Equity Account payable: $62,000 Wages Payable: $21,000 Interest payable: $24,000 Notes Payable (due in 9 yrs): $34,000 Mortgage payable (due in 20yrs ): $84,000 Common Stock: $69,000 Retained Earnings: $57,000

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