The Adjusted Trial Balance Data Given Below Is from Cameron

question 33

Essay

The adjusted trial balance data given below is from Cameron White Company's worksheet for the year ended December 31, 2013. The balance of the Notes Payable account consists of notes that are due within a year. The mortgage extends for more than a year. Prepare a classified balance sheet as of December 31, 2013. The ending capital for the period from the statement of owner's equity is $56,150. $$\begin{array} { | l | r | r | } \hline { \text { ADJUSTED TRIAL BALANCE } } \\\hline { \text { ACCOUNT NAME } } & { \text { DEBIT } } & \text { CREDIT } \\\hline \text { Cash } & \$ 7,700 & \\\hline \text { Petty Cash Fund } & 100 & \\\hline \text { Notes Receivable } & 2,000 & \\\hline \text { Accounts Receivable } & 13,500 & \\\hline \text { Allowance for Doubtful Accounts } & & \$ 1,100 \\\hline \text { Merchandise Inventory } & 51,000 & \\\hline \text { Office Supplies } & 450 & \\\hline \text { Prepaid Insurance } & 1,900 & \\\hline \text { Land } & 8,000 & \\\hline \text { Building } & 28,000 & \\\hline \text { Accumulated Depreciation - Building } & & 7,000 \\\hline \text { Store Equipment } & 6,500 & \\\hline \text { Accumulated Depreciation - Store Equipment } & & 2,500 \\\hline \text { Office Equipment } & 4,500 & \\\hline \text { Accumulated Depreciation - Office Equipment } & & 1,500 \\\hline \text { Notes Payable--Short-Term } & & 12,500 \\\hline \text { Accounts Payable } & & 16,500 \\\hline \text { Interest Payable } & & 400 \\\hline \text { Mortgage Payable } & & 26,000 \\\hline\end{array}$$

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