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• There are five contra accounts in the list, but only 4 have companion accounts
• Make sure you pair all contra accounts with their companion account (Example: make sure AFDA is paired with Accounts Receivable)
• Make sure you use all of your headings and not just noncurrent assets (Example: Long term investments)
• After you prepare the Classified Balance Sheet, calculate:

1. The current ratio
2. Working Capital
3. The quick ratio
4. The debt to asset ratio
5. The debt to equity ratio

Additional paid in capital in excess of par (PIC)	9,300
Accounts Receivable	13,800
Dividends Payable	1,800
Building	50,000
Bonds Payable (due in 2025)	29,000
Retained earnings	20,800
Office Supplies	1,900
Current portion of long term debt	4,200
Accumulated depreciation- equipment	8,300
Accumulated other Comprehensive Income	5,000
Patent (net)	2,400
Notes Payable (due in 2021)	17,000
Inventory	24,400
Sinking fund for bond retirement	4,000
Accounts Payable	16,500
Prepaid Insurance	900
Discount on Bonds Payable	2,000
Common stock ($10 par)	15,000
Equipment	29,000
Allowance for Doubtful accounts (AFDA)	700
Preferred stock, $50 par	10,000
Accumulated depreciation Building	12,400
Interest payable	2,900
Investment in held-to-maturity	9,000
Cash	8,200
Treasury stock	1.500
Accrued wages	3,700
Land	9,500

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