The following additional information is provided:
Cash includes $ in a petty cash fund and $ in a bond sinking fund.
The net accounts receivable balance is composed of the following three items: a accounts receivable debit balances $; b ac allowance for expected credit losses $
Inventory costing $ was shipped out on consignment on July The ending inventory balance does not include the cons recognized on these consigned goods.
Equipment had a cost of $ and an accumulated depreciation balance of $
Income tax payable of $ was accrued on July Bridgeport, however, had set up a cash fund to meet this obligation. This cash was offset against the income tax payable account.
Longterm liabilities are bonds payable issued at par, due in
Shareholders' equity is made up of two account balances: Common Shares of $ and Retained Earnings of $
a
Jse the information available to prepare a corrected classified statement of financial position as at July Adjust the account bal Assets in order of liquidity.
