Current Attempt in Progress
The adjusted trial balance of Flint Corporation for the year ended December 31.2022, as follows.
(23)
Prepare a classified balance sheet an of December 31, 2002. (List Current Assets in order of liquidity LiveProperty Plant and
Equipment in order of Timberland, Land and Equipment)
Current Assets
Cach
FLINT CORPORATION
Balance Sheet
December 31.2022
Assets
Debit
Credit
Total Current A
Cash
$6,400
Property, Plant and Equipment
Accounts Receivable
4,000
Note Receivable(due February 20, 2023)
2,200
Inventory
7,000
Less
Accumulated Depletion
Timberland
21.300
Land
Land
18.500
Equipment
35.100
Buildings
Patent
12.000
Less
Accumulated Depreciation-Equipment
Accumulated Daulation
$4,200
Allowance for Doubtful Accounts
1,400
Intangible Assets
Accumulated Depreciation Equipment
8,400
Notes Payable (due January 15, 2003)
4,900
Accounts Payable
2,700
Common Stock
62,500
Total Assets
Retained Earnings
8,200
Liabilities and Stockholders Equity
Sales Revenue
59,500
Interest Revenue
Current Lubtles
500
Cost of Goods Sold
23.500
Accounts Payable
Salaries and Wages Expense
12.000
Depreciation Expense
2400
Amortization Exper
1,900
Research and Development Exper
1,300
Bad Debt Expence
700
License Exper
400
Total Current Lib
Soonaders Equity
Commee Stack
Interest Expense
Loss on Disposal of Plant Assets
Total
800
2.800
$152.300 $152,300
Total Liabilities and Stockholders Equity
Retained Earnings
TotalStockholders Buty
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