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Please prepare the classified balance sheet clearly and help with this homework question! The following list of accounts and balances for Conestoga Limited are as

Please prepare the classified balance sheet clearly and help with this homework question!

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The following list of accounts and balances for Conestoga Limited are as at September 30, 2014. Accounts Payable $ 11,000 Accounts Receivable 17,700 Automobile 35,000 Building Cash 120,000 81,500 Common Shares 75,000 Current Portion of Bank Loan Furniture 15,000 Inventory 17,000 30,000 Long-Term Portion of Bank Loan Note Payable (due May 15, 2015) 135,000 Prepaid Insurance 8,000 Retained Earnings 2,300 59,500 Required: On the following page prepare a classified balance sheet in proper format

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