The Following Accounts Are on the Balance Sheet Section of Scents

question 81

Essay

The following accounts are on the Balance Sheet section of Scents Galore worksheet for the period ending November 30, 2020.
Required: Prepare a classified Balance Sheet for the company as of Nov. 30, 2020.
Additional information: Withdrawals for the period are $4, and Net Income is $12.
$$\begin{array} { | l | c | c | } \hline \text { Account } & \text { Balance Sheet Debit } & \text { Balance Sheet Credit } \\\hline \text { Fash } & 6 & \\\hline \text { Accounts Receivable } & 10 & \\\hline \text { Merchandise Inventory } & 14 & \\\hline \text { Stcre Equipment } & 30 & \\\hline \text { Accumulated Depreciation - Store Equipment } & & 6 \\\hline \text { Accounts Payable } & & 14 \\\hline \text { Mortgage Payable } & & 24 \\\hline \text { Scents Calore, Capital } & & 8 \\\hline\end{array}$$

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