The following items were taken from the post adjusted trial

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Reference no: EM13612257

The following items were taken from the post adjusted trial balance of Flip Company. (All balances are normal.) Mortgage payable $ 1,443 Accumulated depreciation 3,655 Prepaid expenses 880 Accounts payable 1,444 Equipment 11,000 Notes payable after 2013 1,200 Long-term investments 1,100 Flip's capital 13,480 Short-term investments 3,690 Accounts receivable 1,696 Notes payable in 2013 1,000 Inventories 1,756 Cash 2,100

Instructions: Prepare a classified balance sheet in good form as of December 31, 2012.

Reference no: EM13612257

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