L$5-$Excel Assignment $i$

Additional information:

The short$-$term investments account includes $$33,000$ in U$.$S$.$ treasury bills purchased in May. The bills mature in July, $2024.$

The accounts receivable account consists of the following:

$\backslash$table$[[$a$.$ Amounts owed by customers,$$246,000],[$b$.$ Allowance for uncollectible accounts$-$trade customers,$(19,000)],[$c$.$ Nontrade notes receivable $($due in three years$),80,000],[$d$.$ Interest receivable on notes $($due in four months$),3,000],[$Total$,$$$310,000]]$

The notes payable account consists of two notes of $$65,000$ each. One note is due on September $30,2024,$ and the other is due on November $30,2025.$

The mortgage payable is a loan payable to the bank in semiannual installments of $$7,000$ each plus interest. The next payment is due on October $31,2024.$ Interest has been properly accrued and is included in accrued expenses.

Eight hundred thousand shares of no par common stock are authorized, of which $500,000$ shares have been issued and are outstanding.

The land account includes $$65,000$ representing the cost of the land on which the company's office building resides. The remaining $$40,000$ is the cost of land that the company is holding for investment purposes.

Required:

Prepare a classified balance sheet for the Excell Company at June $30,2024.$

Note: Amounts to be deducted should be indicated by a minus sign.