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1 Use the following Adjusted Trial Balance. Adjusted Trial Balance Debit Credit Cash $17,000 19,200 2,200 2,000 14,000 $14,200 Accounts Receivable Supplies Prepaid Insurance Equipment
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Use the following Adjusted Trial Balance. Adjusted Trial Balance Debit Credit Cash $17,000 19,200 2,200 2,000 14,000 $14,200 Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Unearned Fee Revenue Common Stock Service Fee Revenue Salaries Expense Rent Expense 4,300 35,000 20,900 14,000 6,000 $74,400 $74,400 Prepare a classified Balance Sheet. Balance Sheet December 31, 2019 Assets Current Assets: Cash 17,000 Accounts Receivable 19,200 Unearned Fee Revenue 4,300 Prepaid Insurance 2,000 42,500 Total Current Assets Property, Plant, and Equipment: Equipment 14,000 56,500 Total Assets Liabilities Current Liabilities: Accounts Payable Retained Earnings Total Current Liabilities Stockholders' Equity Common Stock 35,000 Retained Earnings Total Stockholders' Equity DI Total Liabilities and Stockholders' EquityStep by Step Solution
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