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Question - Below is Cambridge Services' financial accounting information for the year ending September 30, 2018.
Cash $8,280
Equipment $36,010
Accounts Payable $4,110
Accounts Receivable $3,760
Accumulated Depreciation $820
Unearned Revenue $420
Inventory $7,890
Prepaid Insurance $2,560
Notes Payable $30,000
Taylor, Capital $23,150
The note is payable over 3 years and $10,000 will be paid by September 30, 2019.
Required - Prepare classified balance sheet using the balances listed above.
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