Huang Resources showed the following alphabetized adjusted trial balance at October 31, 2023: Other information:1. All accounts
Question:
Huang Resources showed the following alphabetized adjusted trial balance at October 31, 2023:
Other information:1. All accounts have normal balances.2. $38,000 of the note payable is due after October 31, 2024.
RequiredPrepare a classified balance sheet at October 31, 2023.
Account Accounts payable Accounts receivable Accumulated amortization, mineral rights Accumulated amortization, trademark Accumulated depreciation, building Accumulated depreciation, equipment Allowance for doubtful accounts Building Cash Equipment Expenses Land Mineral rights Note payable Revenues Sally Huang, capital Trademark Balance $ 18,400 27,200 30,400 22,400 81,600 110,400 1,920 147,200 9,600 184,000 1,443,200 89,600 57,600 72,000 1,433,600 221,280 33,600
Step by Step Answer:
Assets Current assets Cash Accounts receivable Less Allowance for doubtful accounts Total current ...View the full answer
Fundamental Accounting Principles Volume 2
ISBN: 9781260881332
17th Canadian Edition
Authors: Kermit D. Larson, Heidi Dieckmann, John Harris
Related Video
A trial balance is a list of all the general ledger accounts contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance
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