Use the following adjusted trial balance of Hay Co. to prepare a classified balance sheet...
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Use the following adjusted trial balance of Hay Co. to prepare a classified balance sheet as of Decemb Account Title Cash Accounts receivable Office supplies Trucks Accumulated depreciation, trucks Land Accounts payable Interest payable Long-term notes payable (due in 4 years) Stanley Hanson, capital Stanley Hanson, withdrawals Trucking revenue Depreciation expense, trucks Salaries expense Office supplies expense Repairs expense, trucks Total Debit Credit $ 13,600 30,200 3,700 176,080 $ 46,600 281,000 31,600 469 158,000 212,140 19,600 174,000 23,180 61,000 7,108 7,500 $622,800 $622,800 Required: Prepare a classified balance sheet. HAY CO Balance Sheet December 31, 2020 Assets Current assets: Cash S 0 Total current assets Property, plant and equipment
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