Below is an alphabetical list of the adjusted accounts of Matrix Consulting Services at its year end, March 31, 2014. All accounts have normal balances.

Additional information:
1. Of the notes payable, $10,000 becomes due on July 1, 2014, and the rest on July 1, 2015.
2. The note receivable is due on June 1, 2016.
3. On September 20, 2013, Neil Anderson, the owner, invested $3,800 cash in the business.
Instructions
(a) Calculate the post-closing balance in N. Anderson, Capital, on March 31, 2014.
(b) Prepare a classified balance sheet.
(c) On March 31, 2013, Matrix Consulting Services had current assets of $30,700 and current liabilities of $15,950. Calculate the company's working capital and current ratio on March 31, 2013, and March 31, 2014.
(d) On March 31, 2013, the total of Matrix Consulting Services' cash, short-term investments, and current receivables was $25,500. Calculate the company's acid-test ratio on March 31, 2013, and March 31, 2014.
Taking It Further
Has the company's short-term ability to pay its debts improved or weakened over the year?

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$11,650 4,700 20,000 12,000 3,900 8,000 48,000 4,000 1,800 150 Accounts payable Accounts receivable Accumulated depreciation-equipment Advertising expense Interest revenue N. Anderson, capital N. Anderson, drawings Notes payable Notes receivable $ 400 57,700 10,000 Depreciation expense Equipment Insurance expense Interest expense Interest payable Interest receivable 16,000 Prepaid insurance Service revenue Short-term investments Supplies Supplies expense Unearned revenue 79,800 3,700 1,200