Question

Prepare a balance sheet in good format for December 31, 2010.

Finished Goods $ 9,718
Current Maturities of Long-Term Debt 1,257
Accumulated Depreciation 9,980
Accounts Receivable 24,190
Sales Revenue 127,260
Treasury Stock 251
Prepaid Expenses 2,199
Deferred Taxes (long-term liability) 8,506
Interest Expense 2,410
Allowance for Doubtful Accounts 915
Retained Earnings 18,951
Raw Materials 9,576
Accounts Payable 19,021
Cash and Cash Equivalents 8,527
Sales Salaries Expense 872
Cost of Goods Sold 82,471
Investment in Unconsolidated Subsidiaries 3,559
Income Taxes Payable 8,356
Work In Process 1, 984
Additional Paid-In Capital 9,614
Equipment 41,905
Long-Term Debt 15,258
Rent Income 2,468
Common Stock 3,895
Notes Payable (short-term) 6,156
Income Tax Expense 2,461

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Preparing A Balance Sheet

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