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The Following Is a List of Balance Sheet Accounts (In

Question 148

Essay

The following is a list of balance sheet accounts (in random order) and balances for the Community Naval Supply Company. They have been updated as of December 31, 2012.  Building $30,000 Land 10,000 Retained Earnings 40,000 Notes Payable (due in 3 17,000 years)  Inventory 60,000 Equipment 12,000 Accounts Payable 14,000 Common Stock 60,000 Accum. Deprec. - Building 10,000 Accum. Deprec.- Equipment 4,000 Cash 10,000 Unearned Revenue 2,000 Accounts Receivable 25,000\begin{array}{lr}\text { Building } & \$ 30,000 \\\text { Land } & 10,000 \\\text { Retained Earnings } & 40,000 \\\text { Notes Payable (due in 3 } & 17,000 \\\text { years) } & \\\text { Inventory } & 60,000\\\text { Equipment } & 12,000 \\\text { Accounts Payable } & 14,000 \\\text { Common Stock } & 60,000 \\\text { Accum. Deprec. - Building } & 10,000 \\\text { Accum. Deprec.- Equipment } & 4,000 \\\text { Cash } & 10,000 \\\text { Unearned Revenue } & 2,000 \\\text { Accounts Receivable } & 25,000\end{array}
Required:
Prepare a classified balance sheet for Community Naval Supply Company at December 31, 2012.

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