Based on the adjusted trial balance shown below,prepare a classified balance sheet for Focus Package Delivery.
* $2,000 of the long-term note payable is due during the next year.
Definitions:
FICO Score
A score that summarizes the probability that a debtor will pay a debt and is a reliable way that creditors judge credit worthiness.
Interest
A fee paid on borrowed assets, usually calculated as a percentage of the principal.
Federal Direct Unsubsidized Loan
A federal student loan where the borrower is responsible for paying all the interest, regardless of the loan's status.
Interest Rate
The percentage of a sum of money charged for its use, often expressed annually.
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