Assignment 8: Classified Balance Sheet Preparation and Statement Analysis.

Given the following information for J. Graham Consulting, prepare the Trial Balance, an Income Statement and a Classified Balance Sheet, in proper format. Use the template provided in this module.

Please ensure you save your name in the file name also. Name each Tab appropriately to reflect the statement found on it. The date of these account balances is November 30, 2020.

Accounts Payable	3,450
Accounts Receivable	3,200
Bank Loan Payable	14,000
Building	61,000
Cash	9,600
Equipment	7,000
Land	37,000
Mortgage Payable	30,750
Owner, Capital	22,365
Owner, Drawings	4,325
Supplies	690
Fees Earned	94,500
Miscellaneous Revenue	6,550
Advertising Expense	7,100
Automobile Expense	6,400
Income Tax Expense	8,150
Interest Expense	8,800
Rent Expense	7,350
Salaries Expense	5,500
Utilities Expense	5,500

2. Submit your file to the assignment drop box.

This assignment addresses the Knowledge/Understanding, Thinking/Inquiry, Communication and Application strands of the Achievement Chart for Business Studies.