Question

Consider the following account balances of Purrfect Pets, Inc., as of June 30, Year 3:   Accounts...

Consider the following account balances of Purrfect Pets, Inc., as of June 30, Year 3:

  Accounts Payable $ 116,640 Retained Earnings 55,300
  Equipment 422,200 Notes Payable, due Year 5 343,800
  Common Stock 203,000 Accounts Receivable 203,100
  Income Tax Payable 3,960 Cash 97,400


Required:

Prepare a classified balance sheet at June 30, Year 3.
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