The accountant at ABC Corp. gives you the following information on December 31, 2017.
1. Currently, cash is recorded at $ 100,000. The following additional information is available:
- A separate restricted cash account of $ 5,000 is available. This is not included in the cash balance above.
- Petty cash (included in the cash balance) is $ 1,000
- Bond sinking fund of $ 10,000 and cash surrender value of life insurance $ 8,000 are included in the cash balance above
2. Accounts receivable (net) is $ 45,000 and inventory is $ 40,000
- Allowance for doubtful accounts is $ 10,000
- Goods on consignment of $ 8,000 have been excluded frominventory,but recorded as a receivable
- Unearned revenue of $ 4,000 is included in net accounts receivable
3. Investments are $ 200,000. Out of this, $ 80,000 is trading investments and $ 110,000 are available for sale investments., and patents of $ 10,000
4. Land was $ 40,000; Land held for future use $ 20,000; Buildings (net) $ 80,000; Accumulated depreciation on buildings $ 10,000
5. Liabilities are as follows:
- Accounts payable $ 4,000
- Salaries payable $ 3,000
- Notes payable (short term) $ 15,000
- Notes payable (long term) $ 45,000
- Bonds payable $ 100,000. These bonds pay interest of 10% at the end of each year; they mature ininstallmentsof $ 10,000 every year, starting December 31, 2018
6. Stockholders’ equity is $ 150,000. Of this, $ 50,000 is retained earnings, the rest are common stock. Common stock has a par value of $2, authorized 100,000 shares, issued and outstanding 25,000 shares at an average price of $ 4.
How would you report the following items on a classified balance sheet, based on the information above?