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Biotech Company, a proprietorship, began operations 2 years ago. Its adjusted account balances at January 31, 2014 are shown below. The owner, Judith Grimm, invested
Biotech Company, a proprietorship, began operations 2 years ago. Its adjusted account balances at January 31, 2014 are shown below. The owner, Judith Grimm, invested $8,000 during January, 2014. Use this information to prepare the following classified balance sheet at January 31: (select one) Balance Sheet (select one) Account Balance Accounts receivable 7,000 Accumulated depreciation, boats 4,400 Accumulated depreciation, land improvements 4,700 Boats 21,970 Bonds Payable (due October, 2022) 23,440 Capital 14,430 Cash 1.720 Commissions earned 3,580 Depreciation expense, boats 1,150 Depreciation expense, land improvements 1,570 Interest expense 1,360 Land 17,120 Land improvements. 35,910 Long-term notes payable 28,690 Long-term investment in shares 9,230 Patents 2,340 Prepaid interest 790 Property taxes expense. 3,550 Property taxes payable 5.650 (select one) Accumulated depreciation, boats 4,400 Accumulated depreciation, land improvements 4,700 Boats 21,970 Bonds Payable (due October, 2022) 23,440 Capital 14,430 Cash 1,720 Commissions earned 3,580 Depreciation expense, boats 1,150 Depreciation expense, land improvements 1,570 Interest expense 1,360 Land 17,120 Land improvements 35.910 Long-term notes payable 28,690 Long-term investment in shares 9,230 Patents 2,340 Prepaid interest 790 Property taxes expense. 3,550 Property taxes payable 5,650 Rent earned 3,890 Salaries expense 11,690 Salaries payable 23,730 Sales 6,450 Trademark 7,690 Unearned revenue 6,050 Withdrawals 1,920
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