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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: *Assume all accounts have a normal balance. Required: 1. Calculate the capital balance as it would appear on the March 31,2023 , balance sheet. 2. Prepare a classified balance sheet. Assume that $214,500 of the Long-Term Notes Payable will be paid during the year ended March 31, 2024. Also, \$54,500 of the notes receivable will be collected by March 31, 2024. 3. Calculate the current ratio and the debt to equity ratio. (Round the final answers to 2 decimal places.)
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