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1-Classified Balance Sheet (Ch. 1) Larry's Landscaping has the following list of accounts at December 31, 2021: Interest expense Cash 6,350 Salary expense 18,000 Equipment
1-Classified Balance Sheet (Ch. 1) Larry's Landscaping has the following list of accounts at December 31, 2021: Interest expense Cash 6,350 Salary expense 18,000 Equipment 8,000 Service revenue 29,000 Prepaid insurance 1,210 Supplies (still available for future use) 715 Accounts payable 950 4,400 Insurance expense 4,000 Accounts receivable 2,475 Salary payable 850 Supplies expense 2,500 Larry, Capital 7,500 Bank loan payable (due 12/31/2024) 6,000 The ending balance calculated on the Statement of Owner's Equity is: Required: (18 marks) Prepare a Classified Balance Sheet for Larry's Landscaping at December 31, 2021. (Hint: Not all accounts listed above need to be used!)
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