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2017 For each item above, indicate the dollar amount to be reported as a current liability. If a liability is not neported, esplain wb ES-11

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2017 For each item above, indicate the dollar amount to be reported as a current liability. If a liability is not neported, esplain wb ES-11 (L03) EXCEL (Balance Sheet Preparation) Presented below is the adjusted trial balance December 31, 2017 Sheet Preparation) Presented below is the adjusted trial balance ot Kelly Corporat at Debit Credit Cash 1.200 1000 Prepaid Insurance Equipment Accumulated Depreciation- Equipment 5 4,000 950 Trademarks Accounts Payable Salaries and Wages Payable Unearned Service Revenue Bonds Payable (due 2024) Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Insurance Expense Rent Expense Interest Expense 10,000 2.000 9,000 10,000 25,000 10,000 9,000 1400 1,200 Total Additional information: 1. Net loss for the year was $2,500. 2. No dividends were declared during 2017. Instructions Prepare a classified balance sheet as of December 31, 2017

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