Huang Resources showed the following alphabetized adjusted trial balance at October 31, 2020: Account Accounts...
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Accounting
Huang Resources showed the following alphabetized adjusted trial balance at October 31, 2020: Account Accounts payable Accounts receivable Accumulated amortization, mineral rights Accumulated amortization, trademark Accumulated depreciation, building Accumulated depreciation, equipment Allowance for doubtful accounts Sally Huang, capital Building Cash Equipment Expenses Land Mineral rights Note payable Revenues Trademark Balance 20,200 28,100 31,300 23,300 82,500 111,300 2,010 222,990 149, eee 18,500 185,800 1,444,100 90,500 59,400 73,800 1,435,490 35,400 Other information: a. All accounts have normal balances. b. $38,900 of the note payable is due after October 31, 2021. Required: Prepare a classified balance sheet at October 31, 2020. (Be sure to list the assets and liabilities in order of their liquidity.) HUANG RESOURCES Balance Sheet October 31, 2020 Assets Current assets Total current assets Property, plant and equipment: Total property, plant and equipment Intangible assets Total intangible assets Total assets Liabilities Current liabilities Total current liabilities Non-current liabilities Total liabilities Equity Total liabilities and equity
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