The Following Accounts Are on the Balance Sheet Section of Marble

Essay

The following accounts are on the Balance Sheet section of Marble Company worksheet for the month ended August 31, 2020.
Required: Prepare a classified balance sheet.
$$\begin{array}{l}\text { BALANCE SHEET }\\\begin{array} { l c r } \text { ACCOUNT } & \text { Debit } & \text { Credit } \\\text { Cash } & 4 & \\\text { Accounts Receivable } & 7 & \\\text { Merchandise Inventory } & 4 & \\\text { Store Equipment } & 12 & \\\text { Accum. Dep., Store Equip. } & & 4 \\\text { Accounts Payable } & & 5 \\\text { Mortgage Payable } & & 13 \\\text { Appleton. Capital } & & 3\\\hline\end{array}\end{array}$$