Classified Balance Sheet

The information that follows is from Rodriguezs Tools Companys April 30, 2014, post-closing trial balance.

Account Name

Debit

Credit

Cash

31,000

Short-Term Investments

43,500

Accounts Receivable

239,000

Merchandise Inventory

113,000

Notes Receivable

10,000

Interest Payable

930

Sales Supplies

1,280

Office Supplies

540

Deposit for Future Advertising

3,120

Long-Term Notes Payable

99,000

Land

34,700

Delivery Equipment

42,230

Accumulated DepreciationDelivery Equipment

28,400

Building, Not in Use

72,100

Accounts Payable

129,600

Salaries Payable

4,600

Prepaid Rent

1,800

Prepaid Insurance

3,600

C. Rodriguez, Capital

337,340

Trademark

4,000

Rodriguezs Tools
Balance Sheet
April 30, 2014
Assets
Current assets
		$
Total current assets			$
Investments
Property, plant, and equipment
		$
	$
Total property, plant, and equipment
Intangible assets
Total assets			$
Liabilities
Current liabilities
		$
Total current liabilities			$
Long-term liabilities
Total liabilities			$
Owner's Equity
		$
Total owner's equity
Total liabilities and owner's equity			$