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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
The following information was obtained from the accounts of Alleg, Inc., as of December 31, 2012. It is presented in scrambled order.
Required
Prepare a classified balance sheet in report form. For assets, use the classifications of current assets, plant and equipment, intangibles, and other assets. For liabilities, use the classifications of current liabilities and long term liabilities.
Common stock, authorized 21,000 shares at $1
Par value, issued 10,000 shares $10,000
Additional paid in capital 38,000
Cash 13,000
Marketable securities 17,000
Accounts receivable 26,000
Accounts payable 15,000
Current maturities of long term debt 11,000
Mortgages payable 80,000
Bond payable 70,000
Inventory 30,000
Land and buildings 57,000
Machinery and equipment 125,000
Goodwill 8,000
Patents 10,000
Other assets 50,000
Deferred income taxes (long-term liability) 18,000
Retained earnings 33,000
Accumulated depreciation 61,000
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