The financial statement columns of the worksheet for Maximum Effort at December 31 2016 are as follows: 
Instructions
(a) Calculate the balance of Owner's Capital that would appear on a balance sheet at December 31 2016.
(b) Prepare a classified balance sheet for Maximum Effort at December 31 2016 assuming the note payable is a long-term liability.
Definitions:
Significant Pressure
The experience of considerable stress or force, often relating to demands, challenges, or expectations in one’s personal or professional life.
Training Content
The material, information, and activities designed and delivered during training sessions.
Rich In Details
Describes information, descriptions, or presentations that are filled with comprehensive and specific elements, making them thorough and elaborative.
Rich In Associations
Describes an object or concept that evokes a wide range of thoughts, emotions, and connections to other ideas.
Q2: Adjusting entries are required<br>A) yearly.<br>B) quarterly.<br>C) monthly.<br>D)
Q29: The following items are taken from
Q45: On November 2 2016 Yakima Company has
Q68: Intangible assets are<br>A) listed under current assets
Q88: Which one of the following is not
Q90: The Inventory account is used in each
Q123: Sales revenue should be recorded in accordance
Q137: Freight costs paid by a seller on
Q153: The first step in posting involves<br>A) entering
Q162: Accrued revenues are revenues which have been