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Prepare a classified balance sheet for blanchard company

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Reference no: EM131749518

Using the following data, prepare a classified balance sheet for Blanchard Company as of December 31, 20x5.

Cash

mce_markernbsp;  200

  

Accumulated Depreciation- Building

mce_markernbsp; 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: EM131749518

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