Baltimore Glass Company Trial Balance December 31, 2015

Acct No. Account Title Debit Credit 101 Cash 88,450 110 Accounts Receivable 195,613 120 Merchandise Inventory 256,250 125 Supplies on Hand 3,252 130 Prepaid Insurance 3,500 131 Prepaid Rent 7,500 150 Equipment 175,285 160 Accumulated Depreciation 24,260 202 Accounts Payable 72,555 210 Wages Payable - 301 Capital Stock 220,000 302 Retained Earnings, January 1 211,144 401 Sales 998,250 405 Sales Returns and Allowances 5,145 410 Interest Income 1,500 500 Purchases 560,880 501 Purchases Discounts 4,080 502 Purchases Returns and Allowances 1,200 505 Freight In 4,580 520 Advertising Expense 1,000 530 Sales Salaries Expense 88,600 532 Supplies Expense - 540 Office Salaries Expense 124,500 550 Utilities Expense 8,594 555 Insurance Expense - 560 Professional Fees Expense 3,000 570 Depreciation Expense - 580 Interest Expense 6,840 1,532,989 1,532,989 Adjusting items: 1. The remaining prepaid insurance at year end is $3,000 2. A physical inventory shows supplies on hand of $2,000 at year end 3. The prepaid rent of $7,500 covers January 2016 rent 4. Depreciation on equipment is $12,000 for the year 5. At year end sales salaries of $3,000 were earned but unpaid 6. At year end office salaries of $4,000 were earned but unpaid 7. Inventory items with a cost of $35,400 were received on the last day of the year but no invoice was received yet 8. A physical count of inventory shows a value of $219,100. The periodic inventory method is used.

Prepare a classfied balance sheet