Question: Return to question During its first week of operations ending January 7 , FastTrack Sports Incorporated completed six transactions with the dollar effects indicated in

Return to question
During its first week of operations ending January 7, FastTrack Sports Incorporated completed six transactions with the dollar effects indicated in the following schedule:
\table[[,Dollar Effect of Each of the Six Transactions,\table[[Ending],[Balance]]],[Accounts,1,2,3,4,5,6],[Cash,$16,000,$78,000,$(10,000),$(3,000),$(9,400),$(4,000),],[Notes receivable (short-term),,,,3,000,,,],[Store fixtures,,,,,9,400,,],[Operating lease right-of-use assets,,,147,000,,,,],[Notes payable (due in three months),,78,000,,,,(4,000),t],[Long-term lease liabilities,,,137,000,,,,],[Common stock (15,000 shares),1,500,,,,,,],[Additional paid-in capital,14,500,,,,,,]]
Required:
2. Prepare a classified balance sheet for FastTrack Sports Incorporated on January 7.
Answer is not complete.
\table[[FASTTRACK SPORTS INCORPORATED],[Balance Sheet],[Assets,Liabilities],[Current assets:,,,,Current liabilities:,,,],[Cash,(>),$,16,000,Notes payable,(>),,78,000
 Return to question During its first week of operations ending January

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