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During its first month of operations in March, Volz Cleaning, Inc., completed six transactions with the dollar effects indicated in the following schedule: Ending Balance
During its first month of operations in March, Volz Cleaning, Inc., completed six transactions with the dollar effects indicated in the following schedule: Ending Balance 1 6 $ 54,000 Dollar Effect of Each of the Six Transactions 2 3 4 5 $ (8,000) $ (3,500) $ (8,000) $ 3,000 8,000 (3, 000) 3, 500 $ (7,000) Accounts Cash Investments (short-term) Notes receivable (due in six months) Computer equipment Delivery truck Notes payable (due in 10 years) Common stock (3, 000 shares) Additional paid-in capital 7,000 30, 000 22, 000 6,000 48, 000 Required: 2. Prepare a classified balance sheet for Volz Cleaning, Inc., at the end of March. VOLZ CLEANING, INC. Balance Sheet Assets Liabilities Current assets: Liabilities: Total current assets Total liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity Total assets
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