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Take me to the text Hespeler Catering Services' financial accounting information for the year ending August 31, 2021 is presented below. Assume all accounts have
Take me to the text Hespeler Catering Services' financial accounting information for the year ending August 31, 2021 is presented below. Assume all accounts have a normal balance. Cash $ 8,840 Equipment $ 36,930 Accounts Payable Accounts Receivable Accumulated Depreciation Unearned Revenue Prepaid Rent Prepaid Insurance Bank Loan Preston, Capital $4,010 $ 3,770 $970 $ 770 $ 7,800 $2,720 $ 36,000 $18,310 The bank loan is payable over 3 years and $12,000 will be paid by August 31, 2022. Required Prepare a classified balance sheet using the balances listed above. Assets Current Assets Total Current Assets Property, Plant, and Equipment 0 O 0 = 0 Total Property, Plant, and Equipment Total Assets Uabilities Current Liabilities Total Current Liabilities Long-Term Liabilities Total Long-Term Liabilities Fotal Liabilities Owner's Equity Liabilities and Owner's Liquity 0 #
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