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Prepare a classified balance sheet in proper format

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Question - The following list of accounts and balances for Conestoga Limited are as at September 30, 2014.

Accounts Payable $11,000

Accounts Receivable 17,700

Automobile 35,000

Building 120,000

Cash 81,500

Common Shares 75,000

Current Portion of Bank Loan 15,000

Furniture 17,000

Inventory 30,000

Long-Term Portion of Bank Loan 135,000

Note Payable (due May 15, 2015) 8,000

Prepaid Insurance 2,300

Retained Earnings 59,500

Required: On the following page prepare a classified balance sheet in proper format.

Reference no: EM132170259

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