The following information is available for Sergio Company for the year ended December 31 2016: $\begin{array}{ll}
\text { Accounts payable } & \$ 4,300 \
\text { Accumulated depreciation-equipment } & 5,000 \
\text { Owner's capital } & 8,300 \
\text { Intangible assets } & 2,500 \
\text { Notes payable (due in 5 years) } & 6,500\
\text { Accounts receivable } & 1,900 \
\text { Cash } & 2,800 \
\text { Short-term investments } & 2,500 \
\text { Equipment } & 8,700 \
\text { Lonq-term investments } & 5,700
\end{array}$ Instructions
Use the above information to prepare a classified balance sheet for the year ended December 31 2016.

Question

Quizplus · Accepted Answer

The Answer of The following information is available for Sergio Company for the year ended December 31 2016: $\begin{array}{ll}
\text { Accounts payable } & \$ 4,300 \
\text { Accumulated depreciation-equipment } & 5,000 \
\text { Owner's capital } & 8,300 \
\text { Intangible assets } & 2,500 \
\text { Notes payable (due in 5 years) } & 6,500\
\text { Accounts receivable } & 1,900 \
\text { Cash } & 2,800 \
\text { Short-term investments } & 2,500 \
\text { Equipment } & 8,700 \
\text { Lonq-term investments } & 5,700
\end{array}$ Instructions
Use the above information to prepare a classified balance sheet for the year ended December 31 2016.

The Following Information Is Available for Sergio Company for the Year