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Help Following is the Trial Balance of MCU Inc. for the fiscal year ended on October 31, 2020. Unit in millions. Cash Marketable securities short-term
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Following is the Trial Balance of MCU Inc. for the fiscal year ended on October 31, 2020. Unit in millions. Cash Marketable securities short-term Accounts receivable net Inventories Other current assets Lon -term investment Pro e lantande ui Other non-current assets Accounts a able Other current liabilities Deferred revenue Short-term debt Lon -term debt ment Other non-current liabilities Common stock Retained earnin s Di vidends Net sales Other Income Cost of oods sold Research and develo ment ex net ense Selling, general and administrative ex nse Income tax ex ense Total Instructions: Debit 38,016 52 927 37 445 4,061 11,264 100 887 36 766 42 522 86 603 169,559 18 752 19 916 9 680 628,398 Credit 42 296 42,684 6,643 13 769 98,667 54,490 50 779 43 752 274 515 803 628,398 Use the trial balance of MCU Inc. for the fiscal year ended on October 3 1, 2020 to prepare a classified balance sheet. The ending retained earnings balance for October 31, 2020 is $14,560.
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