Question
The following is the Easton Company's adjusted Trial Balance at July 31, 2013 Salaries payable$ 2,980Notes payable (due 2015)$ 2,000 Salaries expense33,700Cash6,200 Utilities expense21,100Accounts receivable9,780
The following is the Easton Company's adjusted Trial Balance at July 31, 2013
Salaries payable$ 2,980Notes payable (due 2015)$ 2,000
Salaries expense33,700Cash6,200
Utilities expense21,100Accounts receivable9,780
Office Equipment37,000Accumulated depreciation6,000
Accounts payable4,100Owner's Drawings3,000
Service revenue57,200Depreciation expense4,000
Rent revenue6,500Easton capital (beginning36,000
of the year
Instructions
Use this information to prepare a Classified Balance Sheet for the fiscal year. There are additional lines in the formatted Balance Sheet form to allow for authorized alternate presentations.
Easton Company
Balance Sheet
July 31, 2013
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Operational Risk Management
Authors: Mark D Abkowitz
1st Edition
0470256982, 9780470256985
