Reference no: EM133004180
Question - These financial statement items are for Ivanhoe Company at year-end, July 31, 2020.
Salaries and wages payable$1,800
Notes payable (long-term) $2,000
Salaries and wages expense 51,900
Cash 15,600
Utilities expense 22,900
Accounts receivable 10,700
Equipment 31,900
Accumulated depreciation-equipment 6,500
Accounts payable 5,000
Owner's drawings 2,600
Service revenue 63,300
Depreciation expense 4,500
Rent revenue 8,400
Owner's Capital (beginning of the year) 53,100
Required - How would classified balance sheet at July 31. Into the assigned categories?
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How would classified balance sheet at july
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