Question Content Area

The following data were taken from the Adjusted Trial Balance columns of the end-of-period spreadsheet for April 30 for Abigail Trucking:

Line Item Description	Amount
Accounts Payable	$42,600
Accounts Receivable	83,400
Accumulated Depreciation-Trucks	28,000
Cash	?
A. Smith, Capital	315,000
Prepaid Insurance	6,500
Prepaid Rent	12,000
Salaries Payable	12,500
Trucks	206,000
Supplies	4,700
Unearned Fees	5,000

Prepare a classified balance sheet.

Line Item Description	Amount	Amount
Assets
Current assets:
Total current assets		$
Property, plant, and equipment:
	$
Total property, plant, and equipment
Total assets		$
Liabilities
Current liabilities:
Total liabilities
Owners' Equity
Total liabilities and owners' equity		$