Can someone please help me with this accounting problem? Its worth a huge part of my grade and i cant seem to get my brain to work. here it is:
Using the following data, prepare a classifiied balance sheet as of December 31, 20x7, for the Lee Company. There are 2,000 shares of common stock issued and outstanding.
Accts Payable-$1600
Building not currently used-19,000
Accumulated Depreciation Equipment- 8,000
Common Stock-20,000
Retained Earnings-22,600
Copyright-5,000
Bonds Payable(due in 20years)-13,000
Accts Recievable-3,000
Cash-5,200
Unearned Revenue-800
Short-term Investments-2,000
Land-16,000
Equipment-15,000
Long-term Investments-800