Answer the following questions regarding the Balance Sheet that would be prepared from the adjusted trial balance. Not all amounts will be used and some may be used more than once. t is suggested that you prepare the Balance Sheet in good form before answering the questions. Remember that all financial statements have an "order" to the listing of accounts. Cash Accounts Receivable PPD Ins Buildings A/D-Blds Accounts Payable Common Stock Retained Earnings Dividends Service Revenue Interest Revenue Depreciation Expense Ins Expense Salary Expense Utilities Expense Totals Debit 20,000 25,000 8,000 300,000 20,000 27,000 6,000 40,000 21,000 467,000 Credit 120,000 19,000 125,000 70,000 125,000 8,000 467,000

Inswer the following questions regarding the Balance Sheet that would be prepared from the adjusted trial balance. Not all amounts will be used and some may be used more than once t is suggested that you prepare the Balance Sheet in good form before answering the questions. Remember that all financial statements have an "order" to the listing of accounts. 1. December 31,201 2. For the year ended December 31,201 3. Cash $20,000 3 First asset that should be listed What is the amount of Total Liabilities and Stockholders Equity to be disclosed What is the correct way to date the Balance Sheet. 1 Balance Sheet. What is the amount of Total Stockholders Equity to be disclosed What is the amount of Total Assets to be disclosed 4. Accounts Receivable 25,000 5. PPD Ins 8,000 6. Buildings 300,000 7. A.D ($120,000) 8. $353,000 9. $233,000 10. $125,000 11. $89,000 12. $214,000