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a partial alphabetized list A partial alphabetized list of adjusted account balances is shown for Pay Co, as at November 30, 2020 (all accounts have
a partial alphabetized list
A partial alphabetized list of adjusted account balances is shown for Pay Co, as at November 30, 2020 (all accounts have normal balances). Pat Dover, the owner, uses the following account classification system 101-149 Current assets 190-199 Non-current investments 150-169 Property, plant, and equipment 201-249 Current liabilities 170-189 Intangible assets 250-299 Non-current liabilities Acct. No. 201 106 155 153 101 172 240 270 195 154 110 112 205 118 206 152 Account Title Accounts payable Accounts receivable Accumulated depreciation, office furniture Accumulated depreciation, vehicles Cash Copyright Current notes payable Non current notes payable! Notes receivable2 Office furniture Prepaid insurance Prepaid rent Salaries payable Supplies Unearned touring revenue Vehicles Adjusted Account Balance $ 42,000 19,200 4,300 16,000 7,400 9.200 14,200 22,000 20,900 6,900 4,800 9,200 12,300 2,350 23,200 65,000 1$10.200 of this non-current note payable is to be paid by November 30, 2021 257.700 of the notes receivable is to be collected by November 30, 2021. Required: Prepare a classified balance sheet for year ended November 30, 2020, Required: Prepare a classified balance sheet for year ended November 30, 2020. Pay Co. Balance Sheet November 30, 2020 Assets Current assets Cash Accounts receivable Prepaid insurance Prepaid rent Supplies Current portion of notes receivable Total current assets Non-current investments $ 0 Property, plant, and equipment Vehicles Office furniture 0 Total property plant and equipment Saved Office furniture 0 Total property, plant, and equipment Intangible assets Copyright Total assets $ 0 Liabilities Current liabilities $ 0 Total current liabilities Non-current liabilities: $ 0 Total liabilities Equity S 0 Total liabilities and equity Step by Step Solution
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