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i need help The bookkeeper for Windsor Company has prepared the following balance sheet as of June 30,2025 : The bookkeeper for Windsor Company has
i need help
The bookkeeper for Windsor Company has prepared the following balance sheet as of June 30,2025 : The bookkeeper for Windsor Company has prepared the following balance sheet as of June 30, 2025: The following additional information is provided: The following additional information is provided: 1. Cash includes $800 in a petty cash fund and $12,180 in a bond sinking fund. 2. The net accounts receivable balance is comprised of the following threeitems: (a) accounts receivable-debit balances $99,720; (b) accounts receivable-credit balances $8,000; (c) allowance for dobtful accounts $7,000. 3. Inventory costing $5,056 was shipped out on consignment on June 30,2025 . The ending inventory balance does not include the consigned goods. Receivables in the amount of $5,056 were recognized on these consigned goods. 4. Equipment had a cost of $263,720 and an accumulated depreciation balance of $76,720. 5. Taxes payable of $21,500 were accrued on June 30 . Wind sor Company however, had set up a cash fund to meet this obligation. This cash fund was not included in the cash balance but was offset against the taxes payable amount. Prepare a corrected classified balance sheet as of June 30,2025 , from the available information, adjusting the account balances using the additional information. (List Current Assets in order of liquidity.)
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