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From the following, prepare a classified balance sheet for Bach Crawlers as of December 31, 2020. Ending merchandise inventory was $4,000 for the year. Cash

From the following, prepare a classified balance sheet for Bach Crawlers as of December 31, 2020. Ending merchandise inventory was $4,000 for the year. Cash Prepaid rent Prepaid insurance Office equipment (net) $ 6,000 1,600 4,000 5,000 Accounts payable Salaries payable Note payable (long term) P. Bach, capital* $ 1,800 1,600 8,000 9,200 *What the owner supplies to the business

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