Question: From the below partially adjusted trial balance: a. Prepare the Classified Balance Sheet [2marks] Chocolate Inc. Adjusted Trail Balance 31-Dec-22 Cash 6,500 Accounts receivable 4,400

From the below partially adjusted trial balance:

a. Prepare the Classified Balance Sheet [2marks] Chocolate Inc. Adjusted Trail Balance

31-Dec-22
Cash 6,500
Accounts receivable 4,400
Spare parts supply 29,000
Prepaid insurance 2,400|
Short term investment 2,100
Notes receivable 18,000|
Land value (not in use) 48,000
Land value (in use) 73,200|
Buildings (in use) 170,000
Depreciation, Buildings 45,000
Store Equipment 33,200
Depreciation, store equipment 8,000
Trademark 10,000
Accounts payable 15,300
Salaries payable 3,200
Unearned revenue 3,000
Long term notes payable 1,57,500
Owner's capital 1,04,000

Owner's withdrawal

71,200

Owners' investment 5,800
Note: $7500 of the notes payable balance will be paid during next year.

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