Presented below is a list of accounts in alphabetical order.

Accounts Receivable
Inventory-Ending
Accumulated Depreciation-Buildings
Land
Accumulated Depreciation-Equipment
Land for Future Plant Site
Accumulated Other Comprehensive Income
Loss from Flood
Advances to Employees
Noncontrolling Interest
Advertising Expense
Notes Payable (due next year)
Allowance for Doubtful Accounts
Paid-in Capital in Excess of Par-Preferred Stock
Bond Sinking Fund
Patents
Bonds Payable
Payroll Taxes Payable
Buildings
Pension Liability
Cash (in bank)
Petty Cash
Cash (on hand)
Preferred Stock
Cash Surrender Value of Life Insurance
Premium on Bonds Payable
Commission Expense
Prepaid Rent
Common Stock
Purchase Returns and Allowances
Copyrights
Purchases
Debt Investments (trading)
Retained Earnings
Dividends Payable
Salaries and Wages Expense (sales)
Equipment
Salaries and Wages Payable
Freight-In
Sales Discounts Gain on Disposal of Equipment
Sales Revenue
Interest Receivable
Treasury Stock (at cost)
Inventory-Beginning
Unearned Subscriptions Revenue

Prepare a classified balance sheet in good form. (No monetary amounts are to be shown.) (List Current Assets in order of liquidity. List Property, Plant and Equipment in order of Land, Building, and Equipment.

The balance sheet is attached:

Explanation:

A balance sheet is a statement of the financial position of a business that lists the assets, liabilities, and owner's equity at a particular point in time. In other words, the balance sheet illustrates your business's net worth.

The balance sheet is based on the fundamental equation:

Assets = Liabilities + Equity.

Assets:

Assets to an organisation are of two types:

Non-current assets:

Non-current assets are assets which represent a longer-term investment and cannot be converted into cash quickly. They are likely to be held by a company for more than a year.

Examples of non-current assets include land, property, investments in other companies, machinery and equipment.

Current assets:

Liabilities:

Liabilities are of two types:

Non-current liabilities:

Non-Current Liabilities are the obligations of the company which are expected to get paid after the period of one year and the examples of which include long term loans and advances, long term lease obligations, deferred revenue, bonds payable and other Non-Current Liabilities.

Current liabilities:

Current liabilities are a company's short-term financial obligations that are due within one year or within a normal operating cycle. ... An example of a current liability is money owed to suppliers in the form of accounts payable.

Equity:

Equity is typically referred to as shareholder equity (also known as shareholders' equity) which represents the amount of money that would be returned to a company’s shareholders if all of the assets were liquidated and all of the company's debt was paid off.

Equity is found on a company's balance sheet and is one of the most common financial metrics employed by analysts to assess the financial health of a company. Shareholder equity can also represent the book value of a company. Equity can sometimes be offered as payment-in-kind.

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