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The following accounts are on the Balance Sheet section of Scents Galore worksheet for the period ending November 30, 2022. Required: a classified Balance Sheet
The following accounts are on the Balance Sheet section of Scents Galore worksheet for the period ending November 30, 2022.
Required: a classified Balance Sheet for the company as of Nov. 30, 2022.
Additional information: Withdrawals for the period are $4, and Net Income is $12.
Account
Balance Sheet Debit
Balance Sheet Credit
Cash
6
Accounts Receivable
10
Merchandise Inventory
14
Store Equipment
30
Accumulated Depreciation - Store Equipment
6
Accounts Payable
14
Mortgage Payable
24
Scents Galore, Capital
8
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