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Question 3 (15 points) 3 months of operations have passed for Spector Enterprises. The owner, Mary Bigheart, would like to see the financial position of
Question 3 (15 points) 3 months of operations have passed for Spector Enterprises. The owner, Mary Bigheart, would like to see the financial position of the company but only has the unadjusted trial balance (below). Prepare the Classified Balance Sheet for the company. (15 marks) Spector Enterprises Unadjusted Trial Balance As at June 30, 2021 3,052 1,199 27,032 22,454 15,042 9,265 Accounts payable Accounts receivable Accumulated depreciation, equipment Accumulated depreciation, vehicles Advertising expense Cash Depreciation expense, equipment Depreciation expense, vehicles Equipment Insurance expense Interest receivable Interest revenue Mary Bigheart, capital Mary Bigheart, withdrawals 93,631 360 240 76,736 204,703 100,171 2C 3,052 1,199 27,032 22,454 15,042 9,265 93,631 360 240 Accounts payable Accounts receivable Accumulated depreciation, equipment Accumulated depreciation, vehicles Advertising expense Cash Depreciation expense, equipment Depreciation expense, vehicles Equipment Insurance expense Interest receivable Interest revenue Mary Bigheart, capital Mary Bigheart, withdrawals Mortgage payable Notes receivable Office supplies Prepaid insurance Prepaid utilities Rent expense Sales Supplies expense Utilities expense Vehicles Wages and salaries expense Wages payable 76,736 204,703 100,171 8,066 12,099 6,213 1,635 8,611 57,661 264,870 600 9,810 63,765 229,009 2,398 609,311 609,311 o o 2C
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