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Account Adjusted Account Balance* Accounts payable $ 8,300 Accumulated depreciation, building 24,200 Accumulated depreciation, furniture 2,700 Advertising expense 15,400 Building 583,000 Cash 16,200 Depreciation expense,

Account Adjusted Account Balance*
Accounts payable $ 8,300
Accumulated depreciation, building 24,200
Accumulated depreciation, furniture 2,700
Advertising expense 15,400
Building 583,000
Cash 16,200
Depreciation expense, building 24,200
Depreciation expense, furniture 2,700
Furniture 41,200
Interest expense 10,180
Interest payable 720
Janitorial expense 40,200
Land 102,000
Long-term notes payable 354,000
Notes receivable, due 2023 135,000
Office salaries expense 122,625
Office supplies 620
Office supplies expense 5,300
Brand name 2,200
Prepaid advertising 320
Rent revenue 390,400
Rent receivable 15,200
Salaries payable 2,225
Utilities expense 35,920
Wyett North, capital 396,920
Wyett North, withdrawals 27,200

*Assume all accounts have a normal balance. Required: 1. Calculate the capital balance as it would appear on the March 31, 2020, balance sheet. 2. Prepare a classified balance sheet. Assume that $211,000 of the Long-Term Notes Payable will be paid during the year ended March 31, 2021. Also, $51,000 of the notes receivable will be collected by March 31, 2021. 3. Calculate the current ratio and the debt to equity ratio. (Round the final answers to 2 decimal places.)

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