From the following, prepare a classified balance sheet for Bach Crawlers as of December 31, 2017. Ending merchandise inventory was $5,000 for the year.

Cash	$	7,000	Accounts payable	$	2,300
Prepaid rent		2,100	Salaries payable		2,100
Prepaid insurance		5,000	Note payable (long term)		9,000
Office equipment (net)		6,000	P. Bach, capital*		11,700

*What the owner supplies to the business. Replaces common stock and retained earnings section.

BACH CRAWLERS Balance Sheet December 31, 2017
Assets			Liabilities
Current assets:			Current liabilities:
(Click to select)Accounts payableMerchandise inventoryPrepaid rentCashSalaries payablePrepaid insuranceOffice equipment (net)P. Bach, capitalNotes payable	$		(Click to select)CashMerchandise inventoryP. Bach, capitalPrepaid rentAccounts payableSalaries payableNote payableOffice equipment (net)Prepaid insurance	$
(Click to select)Notes payableOffice equipment (net)Merchandise inventorySalaries payableCashP. Bach, capitalAccounts payablePrepaid insurancePrepaid rent			(Click to select)Note payablePrepaid insuranceSalaries payablePrepaid rentMerchandise inventoryCashAccounts payableOffice equipment (net)P. Bach, capital
(Click to select)Office equipment (net)CashNotes payableMerchandise inventorySalaries payableP. Bach, capitalPrepaid rentPrepaid insuranceAccounts payable			Total current liabilities		$
(Click to select)Prepaid rentCashNotes payableP. Bach, capitalMerchandise inventoryPrepaid insuranceOffice equipment (net)Salaries payableAccounts payable			Long-term liabilities:
Total current assets		$	(Click to select)Accounts payableP. Bach, capitalMerchandise inventoryNotes payablePrepaid insuranceCashSalaries payableOffice equipment (net)Prepaid rent
Plant and equipment:			Total liabilities		$
(Click to select)Accounts payablePrepaid insuranceCashMerchandise inventoryOffice equipment (net)P. Bach, capitalNote payablePrepaid rentSalaries payable			Owners Equity
			(Click to select)Prepaid rentPrepaid insuranceNote payableAccounts payableCashOffice equipment (net)Merchandise inventoryP. Bach, capitalSalaries payable
Total assets		$	Total liabilities and owners equity		$