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An alphabetical list of the adjusted trial balance accounts for North Country Rentals after its first year of operations ending March 31, 2023, is
An alphabetical list of the adjusted trial balance accounts for North Country Rentals after its first year of operations ending March 31, 2023, is shown below. Accounts payable Account Accumulated depreciation, building Accumulated depreciation, furniture Advertising expense Building Cash Adjusted Account Balance $ 9,800 25,700) 4,208) 16,900 598,000 17,700 Depreciation expense, building 25,700 Depreciation expense, furniture 4,200 Furniture 44,200 Interest expense 10,330 Interest payable 830 Janitorial expense 41,700 Land 117,000 Long-term notes payable 369,000 Notes receivable, due 2026 150,000 office salaries expense 130,125 office supplies 770 office supplies expense 6,800 Brand name Prepaid advertising Rent revenue Rent receivable Salaries payable Utilities expense Nyett North, capital 3,700 470 405,400 16,700 2,975 37,420 432,510 28,700 Wyett North, withdrawals 'Assume all accounts have a normal balance. Required: 1. Calculate the capital balance as it would appear on the March 31, 2023, balance sheet Wyett North, capital $ 536,035 K 2. Prepare a classified balance sheet. Assume that $218,500 of the Long-Term Notes Payable will be paid during the year ended March 31, 2024 Also, $58,500 of the notes receivable will be collected by March 31, 2024 NORTH COUNTRY RENTALS Balance Sheet March 31, 2023 Assets Current assets Total current assets Long-term investments Property, plant and equipment Building Fumiture Total property, plant and equipment Intangible assets $ $ 0 Total assets $ 0 Liabilities Current liabilities $ Total assets Liabilities: Current liabilities Total current liabilities Long-term liabilities Total liabilities Total liabilides and equity $ 0 Equity S 0 3. Calculate the current ratio and the debt to equity ratio. (Round the final answers to 2 decimal places.) Current Ratio Debt to Equity Ratio
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