The following information has been provided by D Adams

who #4453
The following information has been provided by D. Adams who, operating as a sole trader in
Carlton, runs a small architect's practice, Adams Architects. Cash at bank
.................................................... $14 300Wages payable ..................................................
460Accounts receivable ............................................ 2 200Capital, D. Adams - 1.1.2013
................................. 16 040Net loss .......................................................... 1 176Vehicle
........................................................... 19 600Accumulated depreciation - vehicle
.......................... 2 600Accounts payable ............................................... 860Prepaid insurance
............................................... $104Drawings ......................................................... 1 080Bank
loan payable 30 October 2014 ......................... 2 000Bank loan payable 1 December 2016
........................ 16 000Income received in advance ....................................
$500REQUIRED:Prepare a classified balance sheet for D. Adams Architects as at 31
December 2013.View Solution:
The following information has been provided by D Adams who

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