Required Using the information from the alphabetized post-closing trial balance below, prepare a…


Required Using the information from the alphabetized post-closing trial balance below, prepare a classified balance sheet for Waratah Pharmaceuticals Inc. as at March 31, 2014. Be sure to use proper form including all appropriate subtotals. Account Description…………………Account Balance* Accounts payable ………………………………………………………………………. $ 20,400 Accounts receivable …………………………………………………………………… 67,200 Accumulated amortization, patent……………………………………………….. 50,400 Accumulated depreciation, equipment………………………………………….. 148,800 Accumulated depreciation, vehicles ………………………………………………. 62,400 Advertising payable ……………………………………………………………………. 3,000 Allowance for doubtful accounts………………………………………………….. 3,600 Cash……………………………………………………………………………………….. 28,800 Common shares, 100,000 shares authorized; 25,000 shares were issued at an average price of $9.60; market price per share on March 31, 2014, was $10.80…………………………………………………………………….. ? Equipment…………………………………………………………………………

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