Charlie's Crispy Chicken (CCC) operates a fast-food restaurant. When accounting for its first year of business, CCC created sever accounts. Account Name Balance $ Description Accounts Payable Payment is due in 30 days 3,100 Cash Common Stock Equipment Land Notes Payable (long-term) Retained Earnings Salaries and Wages Payable Supplies Required: 3,600 Includes cash in register and in bank account 38,000 Stock issued in exchange for owners' contributions 51,000 Includes deep fryers, microwaves, dishwasher, etc. 24,400 Held for future site of new restaurant 36,000 Payment is due in six years 4,100 Total earnings through September 30 300 Payment is due in 7 days 2,500 Includes serving trays, condiment dispensers, etc. 1. Using the above descriptions, prepare a classified balance sheet at September 30. 2. Calculate CCC current ratio. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Using the above descriptions, prepare a classified balance sheet at September 30. CHARLIE'S CRISPY CHICKEN Assets Current Assets Cash Supplies Total Current Assets Land Equipment Balance Sheet At September 30 Liabilities Current Liabilities $ 3,600 Accounts Payable 2,500 Salaries and Wages Payable 6,100 Total Current Liabilities 24,400 Notes Payable (long-term) 51,000 Total Liabilities $ 3,100 300 3,400 36,000 39,400 Stockholders' Equity Common Stock 38,000 Retained Earnings 4,100 Total Stockholders' Equity 42,100 Total Assets $ 81,500 $ 81,500 < Required 1 Required 2 >