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Sorting Balance Sheet Information
The account balances given below are shown on the balance sheet of a corporation.
Marketable securities
$ 20,000
Invested capital
200,000
Buildings and equipment
400,000
Accounts receivable
80,000
Prepaid rent
17,000
Bonds payable
230,000
Inventories
85,000
Taxes payable
30,000
Accounts payable
16,000
Advance payments from customers
3,000
Interest payable
9,000
Land
19,000
Retained earnings
133,000
Required
Arrange three columns corresponding to the balance sheet equation:
ASSETS = LIABILITIES +OWNERS' EQUITY
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