Goodwill Common stock Equipment Accounts payable Patents Sto

Goodwill Common stock Equipment Accounts payable Patents Stock investments (long-term) Accounts receivable Prepaid rent Debt investments (short-term) Retained earnings Cash Notes payable (long-term) Unearned sales revenue Accumulated depreciation-equipment $4,060 6,060 1,560 150 210 3,230 1,200 230 1,300 6,580 2,330 720 410 200 Prepare a classified balance sheet for Windsor, Inc. as of December 31, 2017. (List current assets in order of liquidity.)

Solution

Solution:

Windsor Inc.
Balance Sheet
As on December 31, 2017 (In Millions)
Particulars	Details	Amount
Assets:
Current Assets:
Cash	$2,330.00
Debt Investment	$1,300.00
Accounts Receivables	$1,200.00
Prepaid Rent	$230.00
Total Current Assets		$5,060.00
Long Term Investments:
Stock Investments		$3,230.00
Property, Plant & Equipment:
Equipment	$1,560.00
Accumulated Depreciation - Equipment	$200.00	$1,360.00
Intangible Assets:
Goodwill	$4,060.00
Patents	$210.00
Total Intangible Asset		$4,270.00
Total Assets		$13,920.00
Liabilities & Stockholder\'s Equity:
Current Liabilities:
Accounts Payable	$150.00
Unearned Sales Revenue	$410.00
Total Current Liabilities		$560.00
Long term liabilities:
Notes Payable		$720.00
Total Liabilities		$1,280.00
Stockholder\'s Equity:
Common Stock	$6,060.00
Retained Earnings	$6,580.00
Total Stockholder\'s Equity		$12,640.00
Total Liabilities & Stockholder\'s Equity		$13,920.00