The following year-end adjusted trial balance is for Tom Jones Co. at the end of December 31. The credit balance in Tom Jones, Capital at the beginning of the year, January 1, was $320,000. The owner, Tom Jones, invested an additional $300,000 during the current year. The land held for future expansion was also purchased during the current year.
Classified Balance Sheet, Notes Payable. Soving Accounting issues using the Classified Balance Sheet. This solution shows a completed Classified Balance Sheet with reference to problem specifics.