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(New Problem - nota continuation of the prior problem) Classified Balance Sheet-four (4) questions Instructions: Please prepare a Classified Balance Sheet on your scratch paper
(New Problem - nota continuation of the prior problem) Classified Balance Sheet-four (4) questions Instructions: Please prepare a Classified Balance Sheet on your scratch paper based on the following Partial Adjusted Trial Balance. Use this Classified Balance Sheet to answer this question and the next three (3) questions. Question: Based on the Partial Trial Balance and Additional Info shown below, what is the amount of the Total Current Assets shown on the Classied Balance Sheet you prepared on your scratch paper? Adjusted Trial Balance December 31, 20xx Accounts Debit Credit Cash $25,127 Accounts Receivable 50,567 Inventory 100,000 Supplies 4,135 Equipment Building 150,000 Accumulated Depreciation 50,000 Accounts Payable 25.127 Deferred Revenue 25,567 Current Portion Long-term Debt 10,000 Long-term Debt 50,135 Bonds Payable 75,000 Common Stock 25,000 Treasury Stock 0 Retained Earnings 50,000 Dividends 10.000 Service Revenue 200.127 Cost of Goods Sold 75,127 Supplies Expense 5,000 Rent Expense 20.000 Utilities Expense 5,000 Depreciation Expense 9.000 Interest Expense 1,000 Income Tax Expense 6.000 Additional Information: Net Income After-taxes for the Accounting Period equaled 579.000 Beginning Balance of Common Stock on 1/1/20xx525.000 Beginning Balance of Retained Earnings on 1/1/20xx $50.000 No new stock was issued during the accounting period. Fill in the blank with your calculated number. DO NOT include commas, Ssigns, period, decimal points, etc., just enter the raw number. For example, if you calculated the answer to be 524 123 you would only input: 24123 Webcourses will add commas to your answer. Classified Balance Sheet Question: Based on the Classified Balance Sheet you prepared on your scratch paper, what is amount of the Total Long-term Assets shown on the Classified Balance Sheet you prepared on your scratch paper? Fill in the blank with your calculated number. DO NOT include commas, Ssigns, period, decimal points, etc., just enter the raw number. For example, if you calculated the answer to be 524.123 you would only input: 24123 Webcourses will add commas to your answer. Question 39 Classified Balance Sheet Question: Based on the Classified Balance Sheet you prepared on your scratch paper, what is amount of the Total Current Liabilities shown on the Classified Balance Sheet you prepared on your scratch paper? Fill in the blank with your calculated number. DO NOT include commas, Ssigns, period, decimal points, etc., just enter the raw number. For example, if you calculated the answer to be 524.123 you would only input: 24123 Webcourses will add commas to your
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