Reference no: EM131786850
Question - Assume that Gulistan Inc. has the following accounts at the end of the current year
1. Common Stock. 14. Accumulated Depreciation-Buildings
2. Discount on Bonds Payable 15. Cash Restricted for Plant Expansion
3. Treasury Stock (at cost) 16. Land Held for future Plant Site.
4. Note Payable, Short-term 17. Allowance for doubtful Accounts- Accounts Receivable
5. Raw Materials 18. Retained Earnings
6. Preferred Stock Investment- 19. Paid in Capital In Excess Stock. of Par-Common stock
7. Unearned Rent Revenue 20. Unearned Subscriptions Revenue
8. Work In process 21. Receivables-Officers (due in one year)
9. Copy right 22. Finished Goods
10. Buildings 23. Account Receivable
11. Notes Receivable (short-term)24. Bonds Payable (due in 4 year)
12. Cash
13. Accrued Salaries Payable"
Required - Prepare a classified balance sheet in good form. (No monetary amounts are necessary.
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