Instructions:

Prepare a classified balance sheet similar to exhibit $8\mathrm{.}4$ on page $70$ of your textbook

Not all accounts listed may apply to this problem

Solve for the missing amount????

Cash $$510,000\mathrm{.}00$

Accounts receivable $$110,000\mathrm{.}00$

Accounts Payable $$123,000\mathrm{.}00$

Revenue $$350,000\mathrm{.}00$

Supplies $$130,000\mathrm{.}00$

Supply expense $$138,000\mathrm{.}00$

Pre Paid Insurance $$231,000\mathrm{.}00$

Insurance Expense $$175,000\mathrm{.}00$

Plant & Equipment $$850,000\mathrm{.}00$

Wages Payable $$180,000\mathrm{.}00$

Wage Expense $$410,000\mathrm{.}00$

Mortgage Payable $$345,000\mathrm{.}00$

Net Assets Without Donor

Restrictions $???????$

Net Assets With Donor

Restrictions $$190,000\mathrm{.}00$