BACK Question 11 Presented below is the adjusted trial balance of Kingbird, Inc. at December 31, 2017. Debit Credit Cash $ ? Supplies 710 Accounts Receivable 2,980 Prepaid Insurance 2,880 Equipment 80,080 Accumulated Depreciation-Equipment $20,600 Trademarks 3,480 Accounts Payable 3,360 Salaries and Wages Payable 800 Unearned Service Revenue 1,600 Bonds Payable (due 2024) 31,900 Common Stock 2,000 Additional paid-in capital 15,680 Retained Earnings 14,020 Service Revenue 29,560 Salaries and Wages Expense 14,080 Insurance Expense 2,880 Rent Expense 2,600 Interest Expense 2,760 Total $ ? $ Additional information: 1. Net income for the year was $7,240. 2. No dividends were declared during 2017. Prepare a classified balance sheet as of December 31, 2017. (List Current Assets in order of liquidity.) Kingbird, Inc. Balance Sheet December 31, 2017 Assets ? Current Assets Cash Supplies 710 Prepaid Insurance 2880 NEAT Kingbird, Inc. Balance Sheet December 31, 2017 Assets Current Assets Cash $ Supplies 710 Prepaid Insurance 2880 - Total Current Assets DS Equipment Less Accumulated Depreciation-Equipment Trademarks krit Total Assets It Liabilities and Stockholders' Equity Current Assets Anor Accounts Payable Salaries and Wages Payable 1136 Unearned Service Revenue Total Current Assets > Long-term Liabilities Bonds Payable Asset Total Liabilities Stockholders' Equity Curre Common Stock Cash Retained Earnings Suppli Prepaid Total Stockholders' Equity Total C ting, 17e INTERMED. ACCOUNTING (ACC 3110/3120 CALCULATOR MESSAGE MY INSTRUCTOR PRINTER VERSION STANDARD VIEW 2880 4 BACK NEXT Prepaid Insurance v Total Current Assets Equipment V Less Accumulated Depreciation-Equipment Trademarks Total Assets Liabilities and Stockholders' Equity Current Assets Accounts Payable V Salaries and Wages Payable V Unearned Service Revenue Total Current Assets Long-term Liabilities Bonds Payable Total Liabilities Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity v By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your Instructor