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cid=11218 Question 2 [40 points] Susan Huang, the financial officer of Barton Corporation, showed the following adjusted account balances for the year ended May 31,

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cid=11218 Question 2 [40 points] Susan Huang, the financial officer of Barton Corporation, showed the following adjusted account balances for the year ended May 31, 2014. Use this information to prepare the May 31, 2014 classified balance sheet. Barton Corporation Balance Sheet For the Year Ended May 31, 2014 X + x X X XI Account Accumulated Depreciation, Automobiles Accumulated Depreciation, Equipment Accumulated Depreciation, Furniture Advertising Expense Automobiles Bonds Payable (due January, 2023) Cash Commissions Earned Depreciation Expense, Automobiles Depreciation Expense, Equipment Depreciation Expense, Furniture Dividends Equipment Furniture Interest Earned Interest Expense Long-Term Notes Payable Merchandise Inventory Patents Prepaid Advertising Rent Expense Rent Payable Retained Earnings Share Capital Short-Term Notes Payable Unearned Revenue XI Balance 34,000 31,500 73,000 30,500 271,000 182,500 55,500 138,000 13,000 7,500 19,500 15,000 100,000 578,000 66,500 27,000 171,000 57,000 31,500 29,500 130,000 207,000 74,500 142,000 199,000 46,000 X XI

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