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Business, 08.10.2019 05:10 jako12

Cone corporation is in the process of preparing its december 31, 2016, balance sheet. there are some questions as to the proper classification of the following items1. $62,000 in cash restricted in a savings account to pay bonds payable. the bonds mature in 20202. prepaid rent of $36,000, covering the period january 1, 2017, through december 31, 20183. note payable of $224,000. the note is payable in annual installments of $32,000 each, with the first installment payable on march 1, 20174. accrued interest payable of $24,000 related to the note payable5. investment in marketable securities of other corporations, $104,000. cone intends to sell one-half of the securities in 2017required: prepare a partial classified balance sheet to show how each of the above items should be reported

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