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Consider the following account balances of Purrfect Pets, Inc., as of June 30, Year 3: Accounts Payable $ 116,640 Retained Earnings 55,300 Equipment 422,200 Notes
Consider the following account balances of Purrfect Pets, Inc., as of June 30, Year 3:
Accounts Payable | $ | 116,640 | Retained Earnings | 55,300 | |||
Equipment | 422,200 | Notes Payable, due Year 5 | 343,800 | ||||
Common Stock | 203,000 | Accounts Receivable | 203,100 | ||||
Income Tax Payable | 3,960 | Cash | 97,400 | ||||
Required:
Prepare a classified balance sheet at June 30, Year 3. |
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