Reference no: EM132838435
Question - Using the information below, compile the Classified Statement of Financial Position for this business, Trinity Limited, in good form, for the month ended Sept 30, 2020: (All accounts have been listed alphabetically and have normal balances)
Accounts Payable $13,000
Accounts Receivable $28,890
Accumulated Depreciation (Truck) $2,000
Cash $44,000
Common Shares $5,000
Cost of Goods Sold $58,000
Deferred Revenues $16,000
Depreciation Expense $4,000
Dividends $1,200
Merchandise Inventory $4,600
Notes Payable (due Dec 31, 2023) $5,000
Retained Earnings $19,990
Revenues $127,000
Truck $20,000
Utilities Payable $4,200
Wages & Salaries Expense $31,500
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