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The adjusted trial balance data given below is from Cameron White Company's worksheet for the year ended December 31, 2016. The balance of the Notes
The adjusted trial balance data given below is from Cameron White Company's worksheet for the year ended December 31, 2016. The balance of the Notes Payable account consists of notes that are due within a year. The mortgage extends for more than a year. Prepare a classified balance sheet as of December 31, 2016. The ending capital for the period from the statement of owner's equity is $56,150.
ADJUSTED TRIAL BALANCE ACCOUNT NAME DEBITCREDIT Cash Petty Cash Fund Notes Receivable Accounts Receivable Allowance for Doubtful Accounts Merchandise Invento Office Supplies Prepaid Insurance Land Buildin Accumulated Depreciation - Building Store Equipment Accumulated Depreciation - Store Equipment Office Equipment Accumulated Depreciation - Office Equipment Notes Pavable--Short-Term Accounts Payable Interest Pavable Mortgage Pavable $ 7,700 100 2,000 13,500 $ 1.100 51,000 450 1.900 8,000 28,000 7,000 6,500 2,500 4,500 1,500 12,500 16,500 400 26,000Step by Step Solution
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