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  3. 3) do the following, in good accounting form prepa

3) Do the following, in good accounting form Prepa Prepure a classified balance sheet for...

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Accounting

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3) Do the following, in good accounting form Prepa Prepure a classified balance sheet for Martin Air Freight based on the balance shown below. Prepare the required closing entries b) Martin Air Freight Adjusted Trial Balance December 31 Debit Credit $18,200 34,200 Accounts receivable 2,100 25,000 45,000 Supplies Long-term investments shipping-equipment Accumulated depreciation Shipping Patent. .. Accounts payabl $11,08O 16,000 - 16,200 4,120 20,000 40,400 Wages payable Long-term notes payable J. Martin, Capital J. Martin, WithdrawalsANAGRRA Shipping fees earned Rent expense 15,000 145,000 8,000 62,000 2,500 4,050 1,000 75 Depreciation expense Shipping equipment Interest $236,800 $236,800 $2,000 of the long-term note payable is due during the next year

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