Prepare in good form a properly classified balance sheet

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Question - Balance Sheet Preparation - The following balance sheet items are available from the records of Emerald Company as of December 31, 2015.

Accounts Receivable 2,600

Accounts Payable 3,000

Additional Paid-in Capital 2,000

Bonds Payable 500

Cash 400

Common Stock 3,100

Inventories 1,200

Long-term Investments 2,000

Other assets 0

Property and Equipment 4,000

Retained Earnings 1,600

Required - Prepare in good form a properly classified balance sheet in accordance with current accounting standards.

Reference no: EM132884464

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