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The trial balance for K and J Nursery, Inc., listed the following account balances at December 31, 2018, the end of its fiscal year: cash,
The trial balance for K and J Nursery, Inc., listed the following account balances at December 31, 2018, the end of its fiscal year: cash, $16,000, accounts receivable. $11,000. Inventories, $25.000, equipment (net) $80,000, accounts payable, $14,000wages payable. $9.000, interest payable, $1,000, note payable (due in 18 months). $30,000, common stock, $50,000. Prepare a classified balance sheet for K and J Nursery, Inc. The equipment originally cost $140,000. (Amounts to be deducted should be indicated by a minus sign.) K AND J NURSERY, INC. Balance Sheet At December 31, 2018
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