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Below is the adjusted trial balance for Student Industries as of December 31, 2020. Debit Credit Cash 80,000 Accounts Receivable 112,500 Inventory 87,500 Notes
Below is the adjusted trial balance for Student Industries as of December 31, 2020. Debit Credit Cash 80,000 Accounts Receivable 112,500 Inventory 87,500 Notes Receivable 100,000 Buildings 387,500 Accumulated Depreciation- 50,000 Buildings Accounts Payable Bonds Payable 30,000 125,000 335,000 - 110,000 Common Stock Retained Earnings Dividends Sales Revenue Interest Revenue Cost of Goods Sold Operating Expenses Interest Expense 75,000 775,000 - 5,000 470,000 105,000 12,500 Total 1,430,000 1,430,000 Use this information to prepare the liabilities and equity portion of a classified balance sheet in good form in the space below.
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