CH$8$:

Q$3$M$8-13($Algo$)$ Reporting Accounts and Notes Receivable in a Classified Balance Sheet $[$LO $8-2,$ LO $8-3]$

Reddy Corporation reported the following accounts and amounts $($in millions$)$ in its financial statements for the year ended November

$30,2018.$

Required:

Prepare a classified balance sheet. The Allowance for Doubtful Accounts relates entirely to Accounts Receivable. $($One of the accounts

does not belong on the balance sheet.$)($Enter your answers in millions $($i$.$e$.,10,000,000$ should be entered as $10).)$

Reddy Corporation reported the following accounts and amounts $($in millions$)$ in its financial statements for the year ended November $30,2018.$

Prepare a classified balance sheet. The Allowance for Doubtful Accounts relates entirely to Accounts Receivable. $($One of the accounts does not belong on the balance sheet.$)$

PLEASE HOW EACH STEP WHILE KEEPING THE WORK EASY TO FOLLOW. SO I CAN LOOK AT THE ANSWERS AND LEARN HOW TO DO IT MYSELF.