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tvlaptop
Sep 23, 2007, 08:10 AM
How can I organize the following accounts into a classified balance sheet: Should I put most liquid accounts first and then the rest.Also I have some income statement items in this list so should I ignore them or should i add them in the balance sheet. (like rent xpense, sales, salary expense,cost of goods sold.
Also, is tax payable a balance sheet item?
please help.
Thanks

Accounts Payable
Accounts Receivable
Accumulated Depreciation
Capital Stock
Cash
Cost of Goods Sold
Equipment and Buildings
Inventory
Long-Term Investment
Land
Marketable Securities
Mortgage Payable
Patents
Prepaid Rent
Rent Expense
Retained Earnings
Sales
Salary Expense
Supplies
Taxes Payable
Unearned Revenue