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The Adjusted Trial Balance Data Given Below Is from Cameron

Question 77

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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  DEBIT  CREDIT  Cash $7,700 Petty Cash Fund 100 Notes Receivable 2,000 Accounts Receivable 13,500 Allowance for Doubtful Accounts $1,100 Merchandise Inventory 51,000 Office Supplies 450 Prepaid Insurance 1,900 Land 8,000 Building 28,000 Accumulated Depreciation - Building 7,000 Store Equipment 6,500 Accumulated Depreciation - Store Equipment 2,500 Office Equipment 4,500 Accumulated Depreciation - Office Equipment 1,500 Notes Payable–Short-Term 12,500 Accounts Payable 16,500 Interest Payable 400 Mortgage Payable 26,000\begin{array} { | l | r | r | } \hline { \text { ADJUSTED TRIAL BALANCE } } \\\hline { \text { ACCOUNT NAME } } & { \text { DEBIT } } & \text { CREDIT } \\\hline \text { Cash } & \$ 7,700 & \\\hline \text { Petty Cash Fund } & 100 & \\\hline \text { Notes Receivable } & 2,000 & \\\hline \text { Accounts Receivable } & 13,500 & \\\hline \text { Allowance for Doubtful Accounts } & & \$ 1,100 \\\hline \text { Merchandise Inventory } & 51,000 & \\\hline \text { Office Supplies } & 450 & \\\hline \text { Prepaid Insurance } & 1,900 & \\\hline \text { Land } & 8,000 & \\\hline \text { Building } & 28,000 & \\\hline \text { Accumulated Depreciation - Building } & & 7,000 \\\hline \text { Store Equipment } & 6,500 & \\\hline \text { Accumulated Depreciation - Store Equipment } & & 2,500 \\\hline \text { Office Equipment } & 4,500 & \\\hline \text { Accumulated Depreciation - Office Equipment } & & 1,500 \\\hline \text { Notes Payable--Short-Term } & & 12,500 \\\hline \text { Accounts Payable } & & 16,500 \\\hline \text { Interest Payable } & & 400 \\\hline \text { Mortgage Payable } & & 26,000 \\\hline\end{array}

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