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The accounting records for Children's Toys, Inc., reflected the following amounts at the end of October 2018 (Click the icon to view the accounts.) Prepare
The accounting records for Children's Toys, Inc., reflected the following amounts at the end of October 2018 (Click the icon to view the accounts.) Prepare the classified balance sheet for Children's Toys, Inc., at October 31, 2018. Use the report format. Begin by preparing the heading and completing the assets section of the balance sheet. Next, complete the liabilities and stockholders' equity sections of the statement. Children's Toys, Inc. Balance Sheet October 31, 2018 * Data Table Assets Current Assets: 19,000 24,300 1,500 40,000 Cash .....$ Total operating expenses ...... Accounts payable ............ Total stockholders' equity ...... Estimated refund liability .... Long-term notes payable ...... Inventory ................. Salaries payable............. 2,500 3,900 4,700 5,300 700 22.000 3,400 1,300 Cost of goods sold. ..........$ Equipment, net ............ Accrued liabilities .......... Sales revenue ............. Accounts receivable Prepaid rent.............. Estimated inventory returns ... Interest expense ............ 3,500 Print Done
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