Account TitlesCashSuppliesPrepaid InsuranceLandEquipmentAccumulated Depreciation-EquipmentAccounts PayableUnearned Service RevenueMortgage PayableCommon StockDividendsRetained EarningsService RevenueSalaries and Wages ExpenseMaintenance and Repairs ExpenseAdvertising ExpenseUtilities ExpensesProperty Tax ExpenseInterest ExpenseTotalsInsurance ExpenseSupplies ExpenseInterest PayableDepreciation ExpenseProperty Taxes PayableTotalsNet IncomeTotalsTrial BalanceDebit39,92021,12031,90088,040129,04014,000108,33033,0209,40019,42018,6706,670Credit38,72017,1203,37055,040117,7402,000284,540518,530 518,530DebitAdjustments2,6013,0304,37028,23017,1261,82057,177CreditORIOLE COMPANYWorksheetFor the Month Ended September 30, 202517,12628,2301,8202,6014,3703,03057,177Adjusted Trial BalanceCreditDebit39,9203,9943,67088,040128,04014,000108,33033,0209,40019,42021,70011,04028,23017,1261,82040,54017,12076955,040117,7402,000287,1414,3703,030527,750 527,750DebitIncome Statement108,33033,0209,40019,42021,70011,04028,23017,1261,820250,08637,055287,141Credit287,141287,141287,141DebitBalance Sheet39,9203,9943,67088,040128,04014,000277,664277,664Credit40,54017,12076955,040117,7402,0004,3703,000240,60937,055277,664 (D)Prepare a classified balance sheet. (Note: $10,000 of the mortgage payable is due for payment in the next fiscal year.) (List current assets in order of liquidity. List Property, Plant and Equipment in order of Land, then Equipment)ORIOLE COMPANYBalance SheetFor the Month Ended September 30, 2025Current AssetsSuppliesLandTotal Current AssetsIntangible AssetsPrepaid InsuranceAccounts ReceivableLessAssetsLiabilities and Stockholders' Equity$$

Classified balance sheet is one of important financial statement of business. Under this, all assets…

Prepare a classified balance sheet. (Note: $10,000 of the mortgage payable is due for payment in the next fiscal year) (List current assets in order of liquidity. List Property, Plant and Equipment in order of Land, then Equipment) ORIOLE COMPANY Balance Sheet For the Month Ended September 30, 2025 Current Assets Supplies Land Total Current Assets Intangible Assets Prepaid Insurance Accounts Receivable Less ✓ Assets Liabilities and Stockholders' Equity

Prepare a classified balance sheet. (Note: $10,000 of the mortgage payable is due for payment in the next fiscal year) (List current assets in order of liquidity. List Property, Plant and Equipment in order of Land, then Equipment) ORIOLE COMPANY Balance Sheet For the Month Ended September 30, 2025 Current Assets Supplies Land Total Current Assets Intangible Assets Prepaid Insurance Accounts Receivable Less ✓ Assets Liabilities and Stockholders' Equity

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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