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The accounts in the summary of transaction analyses for Dependable Delivery Service contains the following balances on July 31, 2017. Accounts Receivable $11,400 Prepaid Insurance

The accounts in the summary of transaction analyses for Dependable Delivery Service contains the following balances on July 31, 2017.

Accounts Receivable $11,400 Prepaid Insurance $1,800
Accounts Payable 7,400 Maintenance and Repairs Expense 1,200
Cash 15,940 Service Revenue 15,500
Equipment 59,360 Dividends 800
Utilities Expense 950 Common Stock 40,000
Insurance Expense 600 Salaries and Wages Expense 8,400
Notes Payable, due 2020 31,450 Salaries and Wages Payable 900
Retained Earnings (July 1, 2017) 5,200

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Prepare a classified balance sheet for July 31. (List Current Assets in order of liquidity.) DEPENDABLE DELIVERY SERVICE Balance Sheet July 31, 2017 ASSETS $ LIABILITIES AND STOCKHOLDERS' EQUITY S $ >

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