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The Following Accounts Are on the Balance Sheet Section of Great

Question 78

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The following accounts are on the Balance Sheet section of Great Lakes Camping worksheet for the month ended January 31, 2019.
Required: Prepare a classified balance sheet.
 Account  Balance Sheet Debit  Balance Sheet Credit  Cash 2 Accounts Receivable 4 Merchandise Inventory 2 Store Equipment 6 Accumulated Depreciation - Store Equipment2 Accounts Payable 3 Mortgage Payable 6 Great Lakes, Capital 2\begin{array} { | l | c | c | } \hline \text { Account } & \text { Balance Sheet Debit } & \text { Balance Sheet Credit } \\\hline \text { Cash } & 2 & \\\hline \text { Accounts Receivable } & 4 & \\\hline \text { Merchandise Inventory } & 2 & \\\hline \text { Store Equipment } & 6 & \\\hline \text { Accumulated Depreciation - Store Equipment} & &2 \\\hline \text { Accounts Payable } & & 3 \\\hline \text { Mortgage Payable } & & 6 \\\hline \text { Great Lakes, Capital } & &2 \\\hline\end{array} Additional information: Withdrawals for the period are $2, and Net Income is $3.

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