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*Course Hero * 5 Exercise 4-12 X 5 Question 4 - Chapter x Google Translate * | Problem 4-3A * *Course Hero X + X C 2% ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252Fstudent%252Fcl... L . . . Chapter 4 Assignment i Saved Help Save & Exit Submit Adjusted 4 Account Account Balance* Accounts payable $ 9,500 Accumulated depreciation, building 25, 400 Accumulated depreciation, furniture 3,900 Advertising expense 16, 600 Building 595, 000 Cash 17 , 406 25 Depreciation expense, building 25, 400 points Depreciation expense, furniture 3,906 Furniture 43, 600 Interest expense 10,300 References Interest payable 860 Janitorial expense 41, 400 Land 114,006 Long-term notes payable 366, 090 Notes receivable, due 2026 147 , 090 Office salaries expense 128, 625 Office supplies 740 Office supplies expense 6,500 Brand name 3,400 Prepaid advertising 440 Rent revenue 402, 400 Rent receivable 16, 400 Salaries payable 2 , 825 Utilities expense 37, 120 Wyett North, capital 425, 340 Wyett North, withdrawals 28, 400 *Assume all accounts have a normal balance. Mc Graw Hill O Type here to search M P of A 1 () ENG 10:52 UP T.TO/ .1/1V*Course Hero * 5 Exercise 4-12 X 5 Question 4 - Chapter x Google Translate * | Problem 4-3A * *Course Hero X + X C 2% ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%2530%252F%252Fnewconnect.mheducation.com%252Fstudent%252Fcl... L . . . Chapter 4 Assignment i Saved Help Save & Exit Submit *Assume all accounts have a normal balance. 4 Required: 1. Calculate the capital balance as it would appear on the March 31, 2023, balance sheet. Wyett North, capital 25 points References 2. Prepare a classified balance sheet. Assume that $217,000 of the Long-Term Notes Payable will be paid during the year ended March 31, 2024. Also, $57,000 of the notes receivable will be collected by March 31, 2024. The office supplies are expected to be used within the next month and the prepaid advertising relates to an advertising campaign expected to take place in June. NORTH COUNTRY RENTALS Balance Sheet March 31, 2023 Assets Current assets: Mc Graw O Type here to search M P of A 1 () ENG 10:53 UP T.To/ . V/1V*Course Hero * 5 Exercise 4-12 X 5 Question 4 - Chapter x Google Translate * | Problem 4-3A * *Course Hero X + X C 2% ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%2530%252F%252Fnewconnect.mheducation.com%252Fstudent%252Fcl... L . . . Chapter 4 Assignment i Saved Help Save & Exit Submit Balance Sheet 4 March 31, 2023 Assets Current assets: 25 points References Total current assets Long-term investments: Property, plant and equipment: Building Furniture Total property, plant and equipment Mc Graw Hill O Type here to search P of A 1 () ENG 10:53 UP T.To/ . V/1V*Course Hero * 5 Exercise 4-12 X 5 Question 4 - Chapter x Google Translate * | Problem 4-3A * *Course Hero X + X C 2% ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252Fstudent%252Fcl... L . . . Chapter 4 Assignment i Saved Help Save & Exit Submit Total property, plant and equipment 4 Intangible assets: Total assets 25 Liabilities points Current liabilities: References Total current liabilities Long-term liabilities: Total liabilities Equity Total liabilities and equity Mc Graw Hill P 10:54 UP O Type here to search T.To/ . V/1V*Course Hero * 5 Exercise 4-12 X 5 Question 4 - Chapter X Google Translate * | Problem 4-3A * *Course Hero X + X C 2% ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252Fstudent%252Fcl... L . . . Chapter 4 Assignment i Saved Help Save & Exit Submit 4 Total liabilities Equity 25 Total liabilities and equity points References 3. Calculate the current ratio and the debt to equity ratio. (Round the final answers to 2 decimal places.) Current Ratio Debt to Equity Ratio Mc Graw Hill O Type here to search P of A 1 7 () ENG 10:54 UP T.To/. 1/1V