Arrange the following items in proper balance sheet presentation.Accum

QUESTION

Arrange the following items in proper balance sheet presentation.Accumulated depreciation $200,000Retained earnings 110,000Cash 5,000Bonds payable 142,000Accounts receivable 38,000Plant and equipment-original cost 720,000Accounts payable 35,000Allowance for bad debts 6,000Common stock $1 par, 150,00
Liabilities Assets Current liabilities Current assets Bonds payable 142,000 Cash 5,000 Accounts payable 35,000 Accounts receivable 38,000 Notes payable 83,000 Less: Allowance for bad debts 6,000 32,000 Marketable securities 15,000 owners equity Inventory 66,000 Retained earnings 110,000 long

rm assets Common stock 150,000 Plant and equipment 720,000 Capital paid in excess 88,000 Accumulated depreciation $200,000 238,000 520,000 Preferred stock 50,000 Investments 20,000 658,000 658,000

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