HW3-1 - Assignment Print View Score 50\/50 Points 100

HW3-1 - Assignment Print View Score 50/50 Points 100

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3/8/2018 Assignment Print View ; 1/5 Score: 50/50 Points 100 %
3/8/2018 Assignment Print View ; 2/5 1.Award: 16.66 out of 16.66 pointsThe following is a December 31, 2018, post-closing trial balance for Culver City Lighting, Inc.Account TitleDebitsCreditsCash69,000Accounts receivable53,000Inventories59,000Prepaid insurance29,000Equipment130,000Accumulated depreciation—equipment48,000Patent, net54,000Accounts payable19,000Interest payable9,000Note payable (due in 10, equal annual installments)150,000Common stock84,000Retained earnings84,000Totals394,000394,000Prepare a classified balance sheet for Culver City Lighting, Inc. (Amounts to be deducted should be indicated by aminus sign.)
3/8/2018 Assignment Print View ; 3/5 CULVER CITY LIGHTING, INC.

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