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4) Using the following adjusted trial balance for Urban Designs Ltd for the year ending February 28, 2020 prepare the classified statement of financial position.
4) Using the following adjusted trial balance for Urban Designs Ltd for the year ending February 28, 2020 prepare the classified statement of financial position. (10) Credit Debit $5,000 14.000 10,000 15.000 100,000 Account Cash Accounts receivable Supplies Inventory Land Accounts payable Salary payable Notes payable-Long term Share Capital Retained earnings Dividends Sales revenues Cost of goods sold Selling expense Advertising expense Salary expense Utility expense Rent expense Interest expense Totals 53,000 5.000 20,000 20.000 20.000 1.000 170,000 90.000 3.000 2.000 5.000 23,000 18,000 2.000 $288.000 $268.000
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