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Huang Resources showed the following alphabetized adjusted trial balance at October 31, 2020: Account Balance Accounts payable $ 19,800 Accounts receivable 27,900 Accumulated amortization, mineral

Huang Resources showed the following alphabetized adjusted trial balance at October 31, 2020:

Account Balance
Accounts payable $ 19,800
Accounts receivable 27,900
Accumulated amortization, mineral rights 31,100
Accumulated amortization, trademark 23,100
Accumulated depreciation, building 82,300
Accumulated depreciation, equipment 111,100
Allowance for doubtful accounts 1,990
Sally Huang, capital 222,610
Building 148,600
Cash 10,300
Equipment 185,400
Expenses 1,443,900
Land 90,300
Mineral rights 59,000
Note payable 73,400
Revenues 1,435,000
Trademark 35,000

Other information:

  1. All accounts have normal balances.
  2. $38,700 of the note payable is due after October 31, 2021 Required: Prepare a classified balance sheet at October 31, 2020. (Be sure to list the assets and liabilities in order of their liquidity.) image text in transcribed
HUANG RESOURCES Balance Sheet October 31, 2020 Assets Current assets Total current assets Property, plant and equipment Total property, plant and equipment Intangible assets Total intangible assets Total assets Liabilities Current liabilities Total current liabilities Non-current liabilities: Equity Total liabilities and equity

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