The adjusted trial balance for Marigold at December 31, 2019,
contains the following accounts.
Debit
Credit
Buildings
$128,100
Common Stock
$93,550
Accounts Receivable
14,000
Retained Earnings
25,750
Prepaid Insurance
4,100
Accumulated Depreciation—Buildings
43,100
Cash
19,600
Accounts Payable
11,600
Equipment
62,000
Notes Payable
96,100
Land
68,500
Accumulated Depreciation—Equipment
17,400
Insurance Expense
500
Interest Payable
2,300
Depreciation Expense
6,600
Service Revenue
15,900
Interest Expense
2,300
$305,700
$279,950
Prepare a classified balance sheet; assume that $21,000 of the
note payable will be...