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Prepare a classified balance sheet. (List Current Assets in order of liquidity) Blue Spruce Company Balance Sheet Current Assets Cash Accounts Receivable Debt Investments Total
Prepare a classified balance sheet. (List Current Assets in order of liquidity) Blue Spruce Company Balance Sheet Current Assets Cash Accounts Receivable Debt Investments Total Current Assets Long-term Investments Investment in Stock Less : Accumulated Depreciation-Equipment Total Assets Apr 30, 2022 Assets 10000 8000 18000 5000 i $ Current Liabilities Accounts Payable Notes Payable Long-Term Investment Total Current Liabilities Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity Liabilities and Stockholders' Equity 4500 5000 19390 9000 The adjusted trial balance columns of the worksheet for Blue Spruce Company are as follows. Blue Spruce Company Worksheet (Partial) For the Month Ended April 30, 2022 Adjusted Trial Balance Account Titles Dr. Cr. Cash 10,000 Accounts Receivable 8,000 Prepaid Rent 2,040 Equipment 22,750 Accumulated Depreciation-Equip. Notes Payable (due in October 2022) 5,000 5,600 Accounts Payable Common Stock 4,500 19.390 Account Titles Dr. Cr. 40 Cash 10,000 Accounts Receivable 8,000 Prepaid Rent Equipment 2,040 22,750 Accumulated Depreciation-Equip. Notes Payable (due in October 2022) 5,000 5,600 Accounts Payable 4,500 Common Stock 19,390 Retained Earnings 9,000 Dividends 3,800 Service Revenue 15,500 Salaries and Wages Expense 11,000 Rent Expense 750 Depreciation Expense 650 Interest Expense 20 Interest Payable 20 Totals 59,010 59,010
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