EXERCSES: E5.1: Prepare a classified balance sheet for YRU Trading as at 30 June 200. Interest expense Prepaid rent Interest payable Accounts payable 3,000 4,000 2,000 15,000 13,000 10,000 Accumulated Capital Cash at bank Depreciation expense (Machinery) Insurance expense on 30,000 3,000 1,000 35,000 10,000 3,000 26,000 50,000 2,000 5,000 Loan payable (due 2018) Prepaid insurance Sales revenue Wages payable E5.3: Prepare a classified income statement for XYZ Ltd for the month ended 30 June 20xX 50,000 3,000 2,000 5,000 2,000 3,000 5,000 23,000 12,000 15,000 145,000 Cost of sales Rent revenue Sales returns and allowances Interest expense Interest payable Accounts payable Accounts receivable Accumulated depreciation on machinery Cash at bank Depreciation expense (office equipment) Insurance expense Inventory 2,000 30,000 15,000 Advertising expense Sales revenue Machinery (at cost) Wages expense (sales employees) 125,000 25,000 8,000