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Prepare a classified balance sheet for vatican shop of gifts

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Reference no: EM132513866

Question 1: From the following information, as of December 31, 2015, prepare a Classified Balance Sheet for Vatican Shop of Gifts owned by Jonathan Benedict. Be sure to use the template to prepare the Balance Sheet.

Jonathan Benedict owns          Jonathan Benedict owes
Cash              $2,566.35

Bank Loan           $19,000.00

Accounts
Receivable -           450.00

Accounts Payable -    900.00

R. Gregory Ceramic Supply

Accounts
receivable -                     1,860.00
Accounts Payable -           2.900.00

P. Stanley Religious Art Co.

Supplies                     1,000.00
Furniture                   10,300.00
Equipment                  20,000.00
Automobiles                 37,800.00

Reference no: EM132513866

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