Use the following Adjusted Trial Balance, make a classified balance sheet.

Carters Used Cars

ADJUSTED TRIAL BALANCE

April 31, 2016

Account Debit Credit

Cash $ 20,000 $

Accounts Receivables 50,000

Allowance for Bad Debts 2,000

Inventory 30,000

Supplies 1,000

Building 250,000

Accumulated Depr.-Building 80,000

Equipment 70,000

Accumulated Depr.- Equipment 60,000

Patents 70,000

Accounts Payable 30,000

Notes Payable (due in 6 months) 5,000

Mortgage Payable (10 years, next yr due = 20,000) 200,000

Common Stock ($1 par) 25,000

Paid in Capital in Excess of Par 15,000

Retained Earnings 49,000

Sales 107,000

Cost of Goods Sold 40,000

Rent Expense 10,000

Wages Expense 20,000

Other Expense 12,000

Totals $573,000 $573,000

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Common Stock: Authorized: 100,000 shares, Issued and Outstanding: 25,000 shares