The following information was obtained from the accounts of Airlines International dated December 31, 2000. It is presented in alphabetical order.
| Accounts payable Don't use plagiarized sources. Get Your Custom Essay on the following information was obtained from the accounts of airlines international d 544225 | Homework Solutions This is a Snippet Preview Access a Complete Custom Written Paper Done by Our Expert Writers | $ 77,916 |
| Accounts receivable | 67,551 |
| Accrued expenses | 23,952 |
| Accumulated depreciation | 220,541 |
| Allowance for doubtful accounts | 248 |
| Capital in excess of par | 72,913 |
| Cash | 28,837 |
| Common stock (par $.50, authorized 20,000 | |
| shares, issued 14,304 shares) | 7,152 |
| Current installments of long-term debt | 36,875 |
| Deferred income tax liability (long term) | 42,070 |
| Inventory | 16,643 |
| Investments and special funds | 11,901 |
| Long-term debt, less current portion | 393,808 |
| Marketable securities | 10,042 |
| Other assets | 727 |
| Prepaid expenses | 3,963 |
| Property, plant, and equipment at cost | 809,980 |
| Retained earnings | 67,361 |
| Unearned transportation revenue (airline | |
| tickets expiring within one year) | 6,808 |
RequiredPrepare a classified balance sheet in report form.
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