1) The following information is available for Juxton Company for the year ended December 31, 2014:

Accounts payable$ 2,700Accounts receivable$1,500

Accumulated depreciation, equipment4,000Cash2,600

Juxton, Capital7,800Short-term investments1,000

Intangible assets2,500Equipment7,500

Notes payable (due in 5 years)7,500Long-term stock investments6,900

Real estate investment10,000Salaries payable7,000

Interest payable8,000Inventories5,000

Required:

Use the above information to prepare classified balance sheet for the year ended December 31, 2014.

2) The adjusted trial balance of Sara's Web Services follows:

SARA'S WEB SERVICES Adjusted Trial Balance December 31 Cash . . $ 1,170 Supplies. 1,930 Prepaid insurance 600 Computer equipment ..mmm. 20,600 Accumulated depreciation-Computer equipment $ 5,400 Accounts payable. 325 Sara Pollis, Capital ...... 13,925 Sara Pollis, Withdrawals. 4,800 Services revenue . 21,720 Salaries expense......! 6,920 Depreciation expense 2,000 Rent expense........ 1,200 Supplies expense. 800 Utilities expense.. 950 Insurance expense 400 Totals $41,370 $41,370Thomas Company Adjusted Trial Balance December 31 Debit Credit Cash. 8,000 Prepaid insurance .... 2,400 Equipment ...!! 18,000 Accumulated depreciation-Equipment .........ill 3,600 Salaries payable ...... Unearned repair fees..... 2,000 1,200 Thomas, Capital......! !!!| 11,400 Thomas, Withdrawals 4,000 Repair fees earned. 27,500 Salaries expense. 10,000 Depreciation expense ...... 1,800 Insurance expense .. 1,500 Totals . . 45.700 45,700