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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 |
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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