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Exercise 4-09 a1,a2-b Ivanhoe Company ended its fiscal year on July 31, 2020. The company's adjusted trial balance as of the end of its fiscal
Exercise 4-09 a1,a2-b Ivanhoe Company ended its fiscal year on July 31, 2020. The company's adjusted trial balance as of the end of its fiscal year is as follows. Credit Debit $9,100 9,500 16,200 Ivanhoe Company Adjusted Trial Balance July 31, 2020 No. Account Titles 101 Cash 112 Accounts Receivable 157 Equipment 158 Accumulated Depreciation-Equip. 201 Accounts Payable 208 Unearned Rent Revenue 301 Owner's Capital 306 Owner's Drawings 400 Service Revenue 429 Rent Revenue 711 Depreciation Expense 726 Salaries and Wages Expense 732 Utilities Expense $7,700 4,600 1,700 45,800 15,900 64,000 7,000 9,000 56,600 14,500 $130,800 $130,800 Prepare a classified balance sheet at July 31. (List Current Assets in order of liquidity.) TVANHOE COMPANY Balance Sheet Assets Liabilities and Owner's Equity Click if you would like to Show Work for this question: Open Show Work
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