Question: The adjusted trial balance data given below is from Cameron White Company's worksheet for the year ended December 31, 20X1. The balance of the Notes

The adjusted trial balance data given below is from Cameron White Company's worksheet for the year ended December 31, 20X1. The balance of the Notes Payable account consists of notes that are due within a year. The mortgage extends for more than a year. The ending capital for the period from the statement of owner's equity is $58,290. ADJUSTED TRIAL BALANCE ACCOUNT NAME Cash DEBIT $ 7,900 CREDIT Petty Cash Fund 120 Notes Receivable Accounts Receivable 2,200 13,700 Allowance for Doubtful Accounts $ 1,300 Merchandise Inventory 53,000 Office Supplies 470 Prepaid Insurance 2,100 Land 8,200 Building 30,000 Accumulated Depreciation Building 7,200 Store Equipment 6,700 Accumulated Depreciation Store Equipment 2,700 office Equipment 4,700 Accumulated Depreciation Office Equipment 1,700 Notes Payable-Short-Term 12,700 Accounts Payable 16,700 Interest Payable 500 28,000 Mortgage Payable Prepare a classified balance sheet as of December 31, 20X1. (Be sure to list the accounts in order of their liquidity. Input all amount as positive values.) CAMERON WHITE COMPANY Balance Sheet December 31, 20X1 Assets Prepare a classified balance sheet as of December 31, 20X1. (Be sure to list the accounts in order of their liquidity. Input all and as positive values.) CAMERON WHITE COMPANY Balance Sheet December 31, 20X1 Assets Current assets Prepaid expenses Total current assets Plant and equipment Tail and mant Total current assets Plant and equipment Total plant and equipment Total assets Liabilities and Owner's Equity Current liabilities Total current liabilities Long-term liabilities Total liabilities Owner's equity Total liabilities and owner's equity

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