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Put together a partial balance sheet for Village Pet Shelter

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Question - The following information is taken from the accounting records of Village Pet Shelter at December 31, 2021, the organization's year end:

1. The petty cash box contained $20 in cash and $280 in receipts on the morning of December 31, 2021 and was replenished before the end of the day.

2. The organization owned $50,000 in guaranteed investment certificates due June 30, 2022.

3. The Bank of Montreal chequing account balance was $4,566 after all adjusting entries had been made.

4. The Bank of Montreal savings account balance was $35,600 before recording $150 in December interest revenue.

5. The Bank of Nova Scotia chequing account balance, after all adjustments, is $80,700. The funds in this account were donated by a private foundation for the purpose of purchasing new shelter furnishings, which they plan to do in February 2022.

Instructions - Put together a partial balance sheet for Village Pet Shelter at December 31 showing how this information should be presented.

Do you use the adjusted trial balance (partial) statement?

Reference no: EM132694234

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