Prepare a Classified Balance Sheet for Toys for Tots Inc

Essay

Prepare a classified balance sheet for Toys for Tots Inc.,,using the following data for June 30,2007.
$\begin{array}{lrlr}\text { Accounts Payable } & \$ 115,500 & \text { Other Assets } & \$ 37,200 \\\text { Property and Equipment } & 421,600 & \text { Contributed Capital } & 200,000 \\\text { Inventories } & 16,300 & \text { Unearned Revenue } & 3,900 \\\text { Bonds Payable, due 2012 } & 226,700 & \text { Notes Payable, due 2012 } & 116,500 \\\text { Interest Receivable } & 3,200 & \text { Accounts Receivable } & 183,000 \\\text { Retained Earnings } & 54,700 & \text { Cash } & 56,000\end{array}$