AP-21A LO 5 Glent Company prepared the following trial balance at its year end of September 30, 2018. The company is owned by Wayne Glent. CR DR $14,600 6,000 6,600 2,000 40,000 Glent Company Trial Balance September 30, 2018 Account Title Cash Accounts Receivable Merchandise Inventory Prepaid Expenses Store Equipment Accumulated Depreciation Store Equipment Accounts Payable Unearned Revenue Notes Payable Glent, Capital Glent, Withdrawals Sales Revenue Gain on Sale of Equipment Cost of Goods Sold Depreciation Expense-Store Equipment Interest Expense Advertising Expense Rent Expense-Retail Space Rent Expense-Office Space Sales Salaries Expense Office Salaries Expense Total $2,500 8,000 6,000 9,000 38,750 1,000 61,750 4,000 30,000 500 600 1,200 10,000 5,000 8,000 4,500 $130,000 $130,000 es: Assume the balance of owner's equity is the opening balance. Chapter Inventory: Merchandising Transactions c) Prepare a classified balance sheet using the trial balances. 2