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Question - Balance Sheet Preparation - The following balance sheet items are available from the records of Emerald Company as of December 31, 2015.
Accounts Receivable 2,600
Accounts Payable 3,000
Additional Paid-in Capital 2,000
Bonds Payable 500
Cash 400
Common Stock 3,100
Inventories 1,200
Long-term Investments 2,000
Other assets 0
Property and Equipment 4,000
Retained Earnings 1,600
Required - Prepare in good form a properly classified balance sheet in accordance with current accounting standards.
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