Reference no: EM132694198
Question - The following information is taken from the accounting records of Village Pet Shelter at December 31, 2021, the organization's year end:
1. The petty cash box contained $20 in cash and $280 in receipts on the morning of December 31, 2021 and was replenished before the end of the day.
2. The organization owned $50,000 in guaranteed investment certificates due June 30, 2022.
3. The Bank of Montreal chequing account balance was $4,566 after all adjusting entries had been made.
4. The Bank of Montreal savings account balance was $35,600 before recording $150 in December interest revenue.
5. The Bank of Nova Scotia chequing account balance, after all adjustments, is $80,700. The funds in this account were donated by a private foundation for the purpose of purchasing new shelter furnishings, which they plan to do in February 2022.
Instructions - How do you put together a partial balance sheet for Village Pet Shelter at December 31 showing how this information should be presented?