Spector Enterprises wishes to prepare financial statements for the past 7 months. From the unadjusted...
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Accounting
Spector Enterprises wishes to prepare financial statements for the past 7 months. From the unadjusted trial balance below, prepare the Classified Balance Sheet. (15 marks)
Spector Enterprises Unadjusted Trial Balance As at September 30, 2021
Dr
Cr
Accounts payable
-
3,317
Accounts receivable
1,177
-
Accumulated depreciation, building
-
21,935
Accumulated depreciation, equipment
-
43,870
Advertising expense
17,334
-
Building
81,855
-
Cash
10,165
-
Depreciation expense, building
-
-
Depreciation expense, equipment
-
-
Equipment
131,610
-
Insurance expense
353
-
Interest receivable
235
-
Mortgage payable
-
6,099
Notes receivable
11,021
-
Other revenue
-
96,514
Prepaid insurance
1,819
-
Prepaid utilities
6,313
-
Rent expense
51,467
-
Sales
-
238,931
Supplies
8,453
-
Supplies expense
589
-
Teddy Bearheart, capital
-
165,743
Teddy Bearheart, withdrawals
81,748
-
Utilities expense
10,914
-
Wages and salaries expense
163,710
-
Wages payable
-
2,354
578,763
578,763
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