Reference no: EM132404010
Question
The following is the Easton Company's adjusted Trial Balance at July 31, 2013
Salaries payable $ 2,980 Notes payable (due 2015) $ 2,000
Salaries expense 33,700 Cash 6,200
Utilities expense 21,100 Accounts receivable 9,780
Office Equipment 37,000 Accumulated depreciation 6,000
Accounts payable 4,100 Owner's Drawings 3,000
Service revenue 57,200 Depreciation expense 4,000
Rent revenue 6,500 Easton capital (beginning 36,000 of the year
Instructions
Use this information to prepare a Classified Balance Sheet for the fiscal year. There are additional lines in the formatted Balance Sheet form to allow for authorized alternate presentations.