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3 months of operations have passed for Champ's Pet Emporium. The owner, Melvin Braveheart, would like to see the financial position of the company but only has the unadjusted trial balance (below). Prepare the Classified Balance Sheet for the company. (15 marks) Champ's Pet Emporium Unadjusted Trial Balance As at February 28, 2021 2.970 36,080 23,320 Accounts payable Accounts receivable 1,210 Accumulated depreciation, equipment Accumulated depreciation, vehicles Advertising expense 16,170 Bank 8,140 Depreciation expense, equipment Depreciation expense, vehicles Equipment 122,430 Insurance expense 363 Interest receivable 242 Interest revenue Melvin Braveheart, capital Melvin Braveheart, withdrawals 110,990 Mortgage payable Notes receivable 11,330 Prepaid insurance 1,320 Prepaid rent 6,710 Rent expense 56,870 Sales Supplies 8,910 Gunnliar aynense 605 85,360 279,950 7,260 163,790 3 months of operations have passed for Champ's Pet Emporium. The owner, Melvin Braveheart, would like to see the financial position of the company but only has the unadjusted trial balance (below). Prepare the Classified Balance Sheet for the company. (15 marks) Champ's Pet Emporium Unadjusted Trial Balance As at February 28, 2021 2.970 36,080 23,320 Accounts payable Accounts receivable 1,210 Accumulated depreciation, equipment Accumulated depreciation, vehicles Advertising expense 16,170 Bank 8,140 Depreciation expense, equipment Depreciation expense, vehicles Equipment 122,430 Insurance expense 363 Interest receivable 242 Interest revenue Melvin Braveheart, capital Melvin Braveheart, withdrawals 110,990 Mortgage payable Notes receivable 11,330 Prepaid insurance 1,320 Prepaid rent 6,710 Rent expense 56,870 Sales Supplies 8,910 Gunnliar aynense 605 85,360 279,950 7,260 163,790

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