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Mitchell Software Systems reported the following accounts and amounts (in millions) in its financial statements for the year ended November 30, 2018. Accounts Payable Accounts
Mitchell Software Systems reported the following accounts and amounts (in millions) in its financial statements for the year ended November 30, 2018. Accounts Payable Accounts Receivable Accumulated Amortization Accumulated Depreciation Allowance for Doubtful Accounta Cash and Cash Equivalenta Common Stock Deferred Revenue Equipment Income Taxes Payable Notes Payable long-term) Notes Recalvable (long-term) Prepaid Rent Retained Earningo Service Revenue Short-Term Investments Software $ 950 1,100 610 1.240 80 1,140 580 2.140 8,630 60 3,770 360 380 8.270 800 5,050 1,020 Required: Prepare a classified balance sheet. The Allowance for Doubtful Accounts relates entirely to Accounts Receivable. (One of the accounts does not belong on the balance sheet.) (Enter your answers in millions (i.e. 10,000,000 should be entered as 10).) MITCHELL SOFTWARE SYSTEMS Balance Sheet As of November 30, 2018 (in millions of dollars) Assets Current Assets Accounts Receivable, net of Allowance Total Current Assets Non-current Assets Equipment, net of Accumulated Depreciation Software, net of Accumulated Amortization Total Assets Liabilities Current Liabilities Total Current Liabilities Non-current liabilities Total Liabilities Stockholders' Equity Total Stockholders' Equity Total Liabilities and Stockholders' Equity
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