The following accounts are on the Balance Sheet section of Marble Company worksheet for the month ended August 31, 2020.
Required: Prepare a classified balance sheet.
$$\begin{array}{l}
\text { BALANCE SHEET }\
\begin{array} { l c r }
\text { ACCOUNT } & \text { Debit } & \text { Credit } \
\text { Cash } & 4 & \
\text { Accounts Receivable } & 7 & \
\text { Merchandise Inventory } & 4 & \
\text { Store Equipment } & 12 & \
\text { Accum. Dep., Store Equip. } & & 4 \
\text { Accounts Payable } & & 5 \
\text { Mortgage Payable } & & 13 \
\text { Appleton. Capital } & & 3\
\hline
\end{array}
\end{array}$$

Question

The following accounts are on the Balance Sheet section of Marble Company worksheet for the month ended August 31, 2020.
Required: Prepare a classified balance sheet.
 $$\begin{array}{l}
\text { BALANCE SHEET }\
\begin{array} { l c r } 
\text { ACCOUNT } & \text { Debit } & \text { Credit } \
\text { Cash } & 4 & \
\text { Accounts Receivable } & 7 & \
\text { Merchandise Inventory } & 4 & \
\text { Store Equipment } & 12 &  \
\text { Accum. Dep., Store Equip. } & & 4 \
\text { Accounts Payable } & & 5 \
\text { Mortgage Payable } & & 13 \
\text { Appleton. Capital } & & 3\
\hline
\end{array}
\end{array}$$

Quizplus · Accepted Answer

The Answer of The following accounts are on the Balance Sheet section of Marble Company worksheet for the month ended August 31, 2020.
Required: Prepare a classified balance sheet.
 $$\begin{array}{l}
\text { BALANCE SHEET }\
\begin{array} { l c r } 
\text { ACCOUNT } & \text { Debit } & \text { Credit } \
\text { Cash } & 4 & \
\text { Accounts Receivable } & 7 & \
\text { Merchandise Inventory } & 4 & \
\text { Store Equipment } & 12 &  \
\text { Accum. Dep., Store Equip. } & & 4 \
\text { Accounts Payable } & & 5 \
\text { Mortgage Payable } & & 13 \
\text { Appleton. Capital } & & 3\
\hline
\end{array}
\end{array}$$

The Following Accounts Are on the Balance Sheet Section of Marble