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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 The ending capital for the period from the statement of owner s equity is $72,800.
Prepare a classified balance sheet as of December 31, 2016.
Cameron White Company
Balance Sheet
December 31, 2016
ADJUSTED TRIAL BALANCE ACCOUNT NAME DEBIT $ 9,200 250 3,500 15,000 CREDIT Cash Petty Cash Fund Notes Receivable Accounts Receivable Allowance for Doubtful Accounts Merchandise Inventory Office Supplies Prepaid Insurance Land Building Accumulated Depreciation - Building Store Equipment Accumulated Depreciation office Equipment Accumulated Depreciation Notes Payable-Short-Term Accounts Payable Interest Payable Mortgage Payable $ 2,600 66,000 600 3,400 9,500 43,000 8,500 8,000 - Store Equipment 4,000 6,000 3,000 14,000 18,000 550 41,000 - office Equipment
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