LAB 5 - 4 OF 7 (A3)

Prepare a classified balance sheet. (List Current Assets in order of liquidity. List Property, Plant, and Equipment in order of Equipment and -urniture.) An alphabetical list of Crane Company adjusted accounts at its fiscal year end, August 31,2024 , follows. All accounts have normal balances. Additional information: 1. Of the notes payable, $6,500 becomes due on February 17, 2025. The balance is due in 2026. 2. On July 18,2024 , R. White invested $3,900 cash in the business