To aid readers - Total Current Assets 7,680 Property,...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
To aid readers, most companies prepare a classified balance sheet, which categorizes assets and  liabilities. The standard asset categories on a classified balance sheet are current assets; property,  plant, and equipment; long-term investments; and intangible assets. Liabilities are generally divided  into current liabilities and long-term liabilities. The Greener Landscape Group Balance Sheet April 30,20X2 ASSETS Current Assets Cash $ 6,355 Accounts Receivable 200 Supplies 25 Prepaid Insurance 1,100
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Total Current Assets 7,680 Property, Plant, and Equipment Vehicles $15,000 Less: Accumulated Depreciation (200) $14,800 Vehicles 3,000 Less: Accumulated Depreciation (35) 2,965 17,765 Total Assets $25,445 LIABILITIES AND OWNER'S EQUITY Current Liabilities Accounts Payable $ 50 Wages Payable 80 Interest Payable 79 Unearned Revenue 225 Total Current Liabilities 434 Long-Term Liabilities Notes Payable 10,000 Total Liabilities 10,434 Owner's Equity J. Green, Capital 15,011 Total Liabilities and Owner's Equity $25,445...
View Full Document

This note was uploaded on 11/14/2011 for the course ACCT 1310 taught by Professor Staff during the Fall '10 term at Texas State.

Page1 / 2

To aid readers - Total Current Assets 7,680 Property,...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online