The Adjusted Trial Balance Data Given Below Is from Cameron
Question 77
Question 77
Essay
The adjusted trial balance data given below is from Cameron White Company's worksheet for the year ended December 31, 2013. The balance of the Notes Payable account consists of notes that are due within a year. The mortgage extends for more than a year. Prepare a classified balance sheet as of December 31, 2013. The ending capital for the period from the statement of owner's equity is $56,150. ADJUSTED TRIAL BALANCE ACCOUNT NAME Cash Petty Cash Fund Notes Receivable Accounts Receivable Allowance for Doubtful Accounts Merchandise Inventory Office Supplies Prepaid Insurance Land Building Accumulated Depreciation - Building Store Equipment Accumulated Depreciation - Store Equipment Office Equipment Accumulated Depreciation - Office Equipment Notes Payable–Short-Term Accounts Payable Interest Payable Mortgage Payable DEBIT $7,7001002,00013,50051,0004501,9008,00028,0006,5004,500 CREDIT $1,1007,0002,5001,50012,50016,50040026,000
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