Question

Following a list of 22 balance sheet accounts. Use the numeral 1-22 to indicate the oder...

Following a list of 22 balance sheet accounts. Use the numeral 1-22 to indicate the oder in which these accounts should appear on a classified balance sheet.

A. Retained Earning

B. Building

C. Raw Materials inventory

D. Allowance for doubtful accounts

E. Accounts Receivable

G. Treasury Stock

H. Equipment

I. Accounts Payable

J. Preffered Stock

K. Finished goods inventory

L. Cash surrender value of life insurance

M. Cash

N. Discount on bonds payable

O. Trading securities

P. Land

Q. Common Stock

R. Accumulated Depreciation- equipment

S. Work-in process inventory

T. Copyright

U. bonds payble

V. Accumlated depreciation- building

W. Interest receivable

Homework Answers

Answer #1
S.No. Account Title Code
1 Cash M
2 Cash Surrender Value of Insurance L
3 Trading Securites O
4 Accounts Receivable E
5 Allownces for Doubtful Accounts D
6 Interest Receivable
7 Raw Material Inventory w
8 Work in process Inventory S
9 Finished Goods Inventory K
10 Land P
11 Building B
12 Accumulated Depreciation - Building V
13 Equipment H
14 Accumulated Depreciation - Equipment R
15 Copyright T
16 Accounts Payable I
17 Bonds Payable U
18 Discount on Bond Payable N
19 Preferred Stock J
20 Common Stock Q
21 Retained Earnings A
22 Treasury Stock G
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