(SOLVED)- Use the following information to prepare a classified balance sheet


Question Description:

$19

Use the following information to prepare a classified balance sheet for Alpha Co. at the end of 2016.
Accounts receivable ….. $26,500
Accounts payable ……. 12,200
Cash ………… 20,500
Common stock ……. 30,000
Land ………… 10,000
Long-term notes payable ….. 17,500
Merchandise inventory …… 26,300
Retained earnings …….. 23,600

Answer

$19