TechCom has provided the following selected account information, in alphabetical order, from its adjusted trial balance at

Question:

TechCom has provided the following selected account information, in alphabetical order, from its adjusted trial balance at October 31, 2014 (assume normal balances):

Accounts receivable .............................................................................................. $16,400

Accumulated depreciation, equipment .................................................................. 3,800

Accumulated amortization, patent ........................................................................ 3,100

Accumulated depreciation, vehicles....................................................................... 13,800

Allowance for doubtful accounts ........................................................................... 800

Cash ..................................................................................................................... 9,000

Equipment ............................................................................................................ 25,000

Land ..................................................................................................................... 48,000

Patent ................................................................................................................... 20,100

Vehicles................................................................................................................. 62,000

Prepare the asset section of the classified balance sheet at October 31, 2014.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...