Using the following data prepare a classified balance sheet

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Using the following data, prepare a classified balance sheet for Blanchard Company as of December 31, 2015.

Cash

$   200


Accumulated Depreciation- Building

$ 1,000

Investments in Short-Term Government Securities

400


Franchise

1,800

Accounts Receivable

800


Accounts Payable

1,600

Inventory

3,000


Revenues Received in Advance

400

Prepaid Rent

100


Notes Payable (in two years)

4,000

Investment in Land Held for future use

2,700


Common Stock

12,000

Land

2,000




Building

8,000



Reference no: EM13576513

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