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Consider the following account balances of Purrfect Pets, Inc., as of June 30, Year 3: Required: Prepare a classified balance sheet at June 30, Year
Consider the following account balances of Purrfect Pets, Inc., as of June 30, Year 3:
Required:
Prepare a classified balance sheet at June 30, Year 3. |
Accounts Payable | $ | 112,040 | Retained Earnings | 56,300 | |||
Equipment | 423,200 | Notes Payable, due Year 5 | 344,800 | ||||
Common Stock | 208,000 | Accounts Receivable | 204,100 | ||||
Income Tax Payable | 4,060 | Cash | 97,900 |
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