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Adjustment data: 1. Supplies on hand totaled $2,000. 2. Depreciation is $11,200 on the equipment. 3. Interest of $6,000 is accrued on notes payable at
Adjustment data: 1. Supplies on hand totaled $2,000. 2. Depreciation is $11,200 on the equipment. 3. Interest of $6,000 is accrued on notes payable at November 30 . 4. Inventory actually on hand is $43,100. Prepare a classified balance sheet as of November 30, 2022. Notes payable of $21,500 are due in January 2023. (List Current Assets in order of liquidity.) FLOUNDER FASHION CENTER Balance Sheet Assets $ $ Liabilities and Owner's Equity $ $
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