Question
Prepare a classified balance sheet at September 30. (List Current Assets in order of liquidity.) BRIDGEPORT VETERINARY CLINIC Balance Sheet choose the accounting period For
Prepare a classified balance sheet at September 30. (List Current Assets in order of liquidity.)
BRIDGEPORT VETERINARY CLINIC Balance Sheet choose the accounting period For the Month Ended September 30, 2022September 30, 2022For the Year Ended September 30, 2022 | ||||||
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Assets | ||||||
select an opening subsection name Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Intangible AssetsTotal Current LiabilitiesTotal Liabilities and Stockholders EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders' Equity | ||||||
enter a balance sheet item | $enter a dollar amount | |||||
enter a balance sheet item | enter a dollar amount | |||||
enter a balance sheet item | enter a dollar amount | |||||
select a closing subsection name Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Intangible AssetsTotal Current LiabilitiesTotal Liabilities and Stockholders EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders' Equity | enter a total amount for this subsection | |||||
enter a balance sheet item | enter a dollar amount | |||||
select a closing section name for this part of the balance sheet Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Intangible AssetsTotal Current LiabilitiesTotal Liabilities and Stockholders EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders' Equity | $enter a total amount for this part of the balance sheet | |||||
Liabilities and Stockholders Equity | ||||||
select an opening name for section one Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Intangible AssetsTotal Current LiabilitiesTotal Liabilities and Stockholders EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders' Equity | ||||||
enter a balance sheet item | $enter a dollar amount | |||||
enter a balance sheet item | enter a dollar amount | |||||
select a closing name for section one Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Intangible AssetsTotal Current LiabilitiesTotal Liabilities and Stockholders EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders' Equity | $enter a total amount for section one | |||||
select an opening name for section two Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Intangible AssetsTotal Current LiabilitiesTotal Liabilities and Stockholders EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders' Equity | ||||||
enter a balance sheet item | enter a dollar amount | |||||
enter a balance sheet item | enter a dollar amount | |||||
select a closing name for section two Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Intangible AssetsTotal Current LiabilitiesTotal Liabilities and Stockholders EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders' Equity | enter a total amount for section two | |||||
select a closing name for this part of the balance sheet Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Intangible AssetsTotal Current LiabilitiesTotal Liabilities and Stockholders EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders' Equity | $select a closing name for this part of the balance sheet |
On August 31, the balance sheet of Bridgeport Veterinary Clinic showed Cash $7,740, Accounts Receivable $1,462, Supplies $516, Equipment $5,160, Accounts Payable $3,096, Common Stock $11,180, and Retained Earnings $602. During September, the following transactions occurred.
1. | Paid $2,494 cash for accounts payable due. | |
2. | Collected $1,118 of accounts receivable. | |
3. | Purchased additional equipment for $1,806, paying $688 in cash and the balance on account. | |
4. | Performed services worth $6,278, of which $2,150 is collected in cash and the balance is due in October. | |
5. | Paid a $344 cash dividend. | |
6. | Paid salaries $1,462, rent for September $774, and advertising expense $172. | |
7. | Incurred utilities expense for month on account $145. | |
8. | Received $8,600 from Capital Bank on a 6-month note payable. |
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