Question

For Neo, From the following accounts, prepare a balance sheet for Chester Co. for the current calendar year. Accrued interest payable $ 1,400 Property, plant, and equipment 34,000 Inventory 12,400 Additional paid-in capital 7,000 Deferred taxes payable (noncurrent) 1,600 Cash 1,500 Accumulated depreciation 10,500 Bonds payable 14,500 Accounts payable 4,300 Common stock 2,500 Prepaid expenses 700 Land held for sale 9,200 Retained earnings ? Current portion of long-term debt 1,700 Accounts receivable 6,200 Notes payable 8,700 I need assistance. I have completed most of it but have gotten lost somehwere. Can you help? I can send you what I have so far so you can explain to me what I am doing wrong. I have done most of the balance sheet & read the chapter over but I am stuck on where to plug in certain items & in what category they belong in.