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Preston Services financial accounting information for the year ending September 30, 2018 is presented below...

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Accounting

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Preston Services financial accounting information for the year ending September 30, 2018 is presented below Assume all accounts have a normal balance. Prepare a classified balance sheet. Cash $7,500 Accounts Receivable 2.400 Merchandise Inventory 6,000 Prepaid Insurance 1,800 Equipment 35,000 Accumulated Depreciation-Equipment 800 Accounts Payable 5 100 Unearned Revenue 1.100 Notes Payable 18,000 Presto Capital 27.700 The notes payable is payable over three years and 56,000 will be paid by September 30, 2019 v Preston Services financial accounting information for the year ending September 30, 2018 is presented below. Assume all accounts have a normal balance. Prepare a classified balance sheet. Cash $7,500 Accounts Receivable 2,400 Merchandise Inventory 6,000 Prepaid Insurance 1,800 Equipment 35,000 Accumulated Depreciation Equipment 800 Accounts Payable 5,100 Unearned Revenue 1,100 Notes Payable 18.000 Presto Capital 27.700 The notes payable is payable over three years and 56000 will be paid by September 30, 2019

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