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required: prepare a classified balance sheet for year ended november 30 2020 A partial alphabetized list of adjusted account balances is shown for Dover Pacific
required: prepare a classified balance sheet for year ended november 30 2020
A partial alphabetized list of adjusted account balances is shown for Dover Pacific Tours as at November 30, 2020 (all accounts have normal balances) Pat Dover, the owner, uses the following account classification system: 101-149 Current assets 150-169 Property, plant, and equipment 170-189 Intangible assets 190-199 Non-current investments 201-249 Current liabilities 250-299 Non-current liabilities Acct. No. 201 166 155 153 161 172 248 278 Account Title Accounts payable Accounts receivable Accumulated depreciation, office furniture Accumulated depreciation, vehicles Cash Copyright Current notes payable Non-current notes payable Notes receivable Office furniture Prepaid insurance Prepaid rent Salaries payable Supplies Unearned touring revenue Vehicles Adjusted Account Balance $ 44,500 19,700 4,800 16,500 7,900 9,700 14,709 23,000 21,900 7,900 5,300 9,700 12,800 2,600 23,700 67,500 195 154 112 285 118 206 152 1$10,700 of this non-current note payable is to be paid by November 30, 2021. 258,200 of the notes receivable is to be collected by November 30, 2021Step by Step Solution
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