BE 1 The following accounts were included on Stacy's Style Consultants post-closing trial balance at December 31, 2008: Accounts payable $ 2,000 Accounts receivable Cash Stacy, Capital 40.000 Stacy. Drawing 10.000 Interest expense Note payable, due 8/31/11 Supplies Service revenue 5,000 Equipment 5,500 11,000 60.000 1.000 39,000 (a) What are total current assets? (b) What are total current liabilises? BE2 The following items are taken from the disted trial balance of Salon Company for the month ending July 31, 2008: equipment Accounts payable Accounts receivable Accumulated depreciation Cash Depreciation expense Equipment Salon, Capital 7/1/08 Service revenue Supplies $ 2,000 3.000 8.000 2.200 2.000 54,000 52.000 33.000 1,200 Prepare the current assets section of Salon's classified balance sheet BE3 The following information is available for Juxton Company for the year ended December 31, 2008 Accounts payable $ 2.700 Accumulated depreciation, equipment 4,000 Juxton, Capital 7,800 Intangible assets 2,500 Notes payable (due in 5 years) 7,500 Accounts receivable 1,500 Cash 2,600 Short-term investments 1,000 Equipment 7,500 Long-term investments 6,900 Instructions the above information to prepare a classified balance sheet for the year ended December 31, 2008 BE4 The following lettered items represent a classification scheme for a balance sheet and the umbered items represent accounts found on balance sheets. In the blank next to each account write the letter indicating to which category it belongs. A. Current assets E. Current liabilities B. Long-term investments F. Long-term liabilities c. Property, plant, and equipment G. Owner's equity D. Intangible assets H. Not on the balance sheet 1. Accumulated Depreciation 2. Jones, Capital 3. Interest Expense 4. Salary Payable 5. Jones, Drawing 6. Inventory 7. Patents 8. Prepaid Rent 9. Mortgage Payable 10. Land Held for Investment