P4-47B. (Learning Objective 3: Preparing a classified Balance Sheet) The accounts of Sunny Laundry Services Ltd. as of March 31, 20X5, are listed below in alphabetical order.

Requirements Prepare the Sunny Laundry Services’ classified Balance Sheet at March 31, 20X5. Show necessary captions. Note that for this question, you do not need to show comparative amounts.

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Accounts payable.... $ 14,800 Note payable, long term.. $ 5,900 Accounts receivable. 16,900 Other assets.... 14,000 Accumulated depreciation- Prepaid expenses.. 5,800 equipment......... 7,300 Retained earnings, Advertising expense.. 11,200 March 31, 2009. 22,500 Cash....... 7,300 Salary expense.. 18,200 Current portion of note Salary payable... 2,600 payable...... 500 Service revenue.. 95,600 Depreciation expense.. 2,200 Share capital... 6,200 Dividends... 30,000 Supplies... 3,300 Equipment... 44,000 Supplies expense.. 4,500 Interest expense 900 Unearned service revenue............ 2,900