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

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 Document Right 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

  • Fall '10
  • staff
  • Current Liabilities, Generally Accepted Accounting Principles, intangible¬†assets.¬†Liabilities, $ 6,355

{[ snackBarMessage ]}

Page1 / 2

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

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