Cash Supplies Prepaid Insurance Equipment Accumulated Depreciation - Equipment Trademarks Accounts Payable Salaries and Wages Payable Unearned Service Revenue Bonds Payable (due 2027) Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Insurance Expense Rent Expense Interest Expense Total Kelly Corporation Trial Balance December 31, 2020 Additional information: 1. Net loss for the year was $2,500. 2. No dividends were declared during 2020. Calculation of cash balance: $ Debit 2 1,200 1,000 48,000 950 9,000 1,400 1,200 900 ? Instructions: Prepare a classified balance sheet as of December 31, 2020. Credit 4,000 10,000 500 2,000 9,000 10,000 25,000 10,000

Calculation of cash balance