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 $62,570. ADJUSTED TRIAL BALANCE ACCOUNT NAME DEBIT CREDIT Cash $ 8,300 Petty Cash Fund 160 Notes Receivable 2,600 Accounts Receivable 14,100 Allowance for Doubtful Accounts $ 1,700 Merchandise Inventory 57,000 Office Supplies 510 Prepaid Insurance 2,500 Land 8,600 Building 34,000 Accumulated Depreciation 7,600 Building Store Equipment 7,100 Accumulated Depreciation Store Equipment 3,100 Office Equipment 5,100 Accumulated Depreciation 2,100 Office Equipment Notes Payable-Short-Term 13,100 Accounts Payable 17,100 Interest Payable 700 Mortgage Payable 32,000 Prepare a classified balance sheet as of December 31, 20X1. (Be sure to li order of their liquidity. Input all amount as positive values.) CAMERON WHITE COMPANY Balance Sheet December 31, 20x1 Assets Current assets Prepaid expenses 0 Total current assets Plant and equipment 0 Total plant and equipment Total assets Liabilities and Owner's Equity Current Sabiles S. 0 5 Total current abilities Long-terbabit 0 0 $ Totallibilities Owner's equity O Totatables and owner's equity 5 0
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