Blimpy's Doughnuts Inc

question 78

Essay

Blimpy's Doughnuts Inc.'s,adjusted trial balance appears below.Prepare a classified balance sheet at December 31,2011 for Blimpy's.Hint: Account categories for several of the items listed are found in parenthesis.

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Definitions:

Checking Accounts

Banking accounts that allow depositors to write checks and use electronic debit to access funds for transactions and withdrawals.

Traveler's Checks

A type of check especially designed for travelers to use as a form of payment, which offers the security against loss or theft by requiring signatures for cashing.

Coins

Pieces of metal that are officially minted and used as money in financial transactions.

Public

The general populace or the community at large, often used in the context of government, policy, or matters of state.