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Rola ERSITY The financial statement columns of the worksheet for Optimum Prime at May 31, 2020, are as follows: OPTIMUM PRIME Adjusted Tral Balance as

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Rola ERSITY The financial statement columns of the worksheet for Optimum Prime at May 31, 2020, are as follows: OPTIMUM PRIME Adjusted Tral Balance as at May 31, 2020 Accounts Title Debit Credit Cash 17,000 Accounts Receivable 6,000 Supplies 4,000 Prepaid Insurance 5,000 208,000 28.000 14,000 Equipment Accumulated Depreciation Equipment Accounts Payable Notes Payable Salanes and Wages Payable Owner's Capital Owner's Drawings 70,000 6,000 115,000 13,000 Service Revenue 123,000 Advertising Expense Depreciation Expense Insurance Expert Rent Expense balans and Waces Expense upplies Expense 21,600 10,000 3.400 18.000 44,000 5,000 356,000 356.000 REQUIRED Depreciation Expense insurance Expense 3,400 Rent Expense 18,000 Salaries and Wages Expense 44,000 Supplies Expense 6,000 Totals 356,000 356,000 REQUIRED: Prepare a classified balance sheet for Optimum Prime at May 31, 2020 assuming the note payable of $65.000 is due on January 2023/ 2 B 1 Statement of Financial Position as at may 31, 2020

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