Help Save & Exit Su An alphabetical list of the adjusted trial balance-accounts for North Country Rentals after its first year of operations ending March 31, 2020, is shown below: Account Accounts payable Accumulated depreciation, building Accumulated depreciation, furniture Advertising expense Building Cash Depreciation expense, building Depreciation expense, furniture Furniture Interest expense Interest payable Janitorial expense Land Long-term notes payable Notes receivable, due 2023 Office salaries expense Office supplies office supplies expense Brand name Prepaid advertising Rent revenue Rent receivable Salaries payable Utilities expense Wyatt North. capital Adjusted Account Balance $ 9,100 25,000 3,500 16,200 591,000 17,000 25,000 3,500 42,800 10,260 900 41,000 110,000 362,000 143,000 126,625 700 6,100 3,000 400 398, 400 16,000 2,625 36, 720 415.780 m/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A... Chapter 4 Saved Help Rent receivable Salaries payable Utilities expense Wyett North, capital Wyett North, withdrawals 16,000 2,625 36,720 415, 780 28,000 *Assume all accounts have a normal balance. Required: 1. Calculate the capital balance as it would appear on the March 31, 2020, balance sheet. Wyett North, capital 2. Prepare a classified balance sheet. Assume that $215,000 of the Long-Term Notes Payable duri 2021. Also, $55,000 of the notes receivable will be collected by March 31, 2021. NORTH COUNTRY RENTALS Balance Sheet March 31, 2020 Saved Help Save & Exit 2. Prepare a classified balance sheet. Assume that $215,000 of the long-Term Notes Payable during the year ended March 31, 2021 Also, 955,000 of the notes receivable will be collected by March 31, 2021. NORTH COUNTRY RENTALS Balance Sheet March 31, 2020 Assets Current assets: Total current assets Long-term investments: Property, plant and equipment: Building Furniture 4 of 4 Next