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Consider the following account balances of Purrfect Pets, Inc., as of June 30, Year 3: Accounts Payable $ 114,340 Retained Earnings 55,800 Equipment 422,700 Notes
Consider the following account balances of Purrfect Pets, Inc., as of June 30, Year 3:
Accounts Payable | $ | 114,340 | Retained Earnings | 55,800 | |||
Equipment | 422,700 | Notes Payable, due Year 5 | 344,300 | ||||
Common Stock | 205,500 | Accounts Receivable | 203,600 | ||||
Income Tax Payable | 4,010 | Cash | 97,650 | ||||
Required:
Prepare a classified balance sheet at June 30, Year 3. |
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