I can\'t figure out how to make the adjustments and need to know how to prepare

Question

I can't figure out how to make the adjustments and need to know how to prepare a classified balance sheet for Voshburgh at December 31, 2018

Connect https//newconnect.mheducation.com/flow/connect.html 8MyLab & Mastering l Saved The following is the ending balances of accounts at December 31, 2018 for the Vosburg Account Title Debits Cash Short-term investments Accounts receivable Long-term investments Inventories Loans to employees Prepaid expenses (for 2019) Land Building Machinery and equipment Patent Franchise Note receivable Interest receivable Accumulated depreciation-building Accumulated depreciation-equipment Accounts payable Dividends payable (payable on 1/16/19) Interest payable Taxes payable Deferred revenue Notes payable Allowance for uncollectible accounts Common stock Retained earnings Totals 89,000 204,000 145,880 46,0e0 226,000 51,000 27,000 291,800 1,660,000 648,000 163,000 51,000 305,000 23,800 631,900 221,000 200,000 21,00 27,000 51,000 71,000 322,000 19,000 2,844,000 322,000 3,929,000 3,929,000 Prex 7 of 7 Nex arch

Explanation / Answer

Balance Sheet :-

Assets Amount($) Amoun($) Current Assets:- Cash and Equivalent Cash($89000+$61000) 150000 Marketable Securities($204000-$61000) 143000 Account Receivables 145000 Less : allowance for uncollectible accounts (19000) 126000 Loans to Employees 51000 Interest Receivable 23000 Notes Receivable (Current Portion) 61000 Inventories 226000 Prepaid Expenses 27000 Total Current Assets(A) 807000 Non Current Assets :- Long Term Investment 46000 Note Receivables($305000 - $61000) 244000 Land 291000 Building 1660000 Less : accumulated Depreciation (631000) 1029000 Machinery and equipment 648000 Less : Accumulated Depreciation (221000) 427000 Patent 163000 Franchise 51000 Total Non Current Assets(B) 2251000 Total Assets(A+B) 3058000 Liabilities and Equity Current Liabilities :- Account Payable 200000 Dividend Payable 21000 Interest Payable 27000 Taxes Payable 51000 Unearned Revenues ($71000*20%) 14200 Total Current Liabilities(1) 313200 Non Current Liabilities :- Note Payable 322000 Unearned Revenues ($71000*80%) 56800 Total Non Current Liabilities(2) 378800 Shareholder's Equity:- Common Stock 2044000 Retained Earning 322000 Total Shareholder's Equity(3) 2366000 Total Liabilities and Equity(1+2+3) 3058000

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