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Catena's Marketing Company has the following adjusted trial balance at December 31, 2021. No dividends were declared. However, 460 shares issued at the end of
Catena's Marketing Company has the following adjusted trial balance at December 31, 2021. No dividends were declared. However, 460 shares issued at the end of the year for $4,600 are included below: Cash Debit $ 3,100 Credit Accounts receivable 3,800 Interest receivable Prepaid insurance 260 3,200 Notes receivable (long-term) 4,400 Equipment 17,690 Accumulated depreciation $ 4,600 Accounts payable 4,000 Accrued expenses payable 4,720 Income taxes payable Deferred rent revenue Contributed capital (920 shares) Retained earnings 3,500 1,300 5,300 2,960 Sales revenue 44,900 Interest revenue 260 Rent revenue 1,600 Wages expense 21,100 Depreciation expense 2,600 Utilities expense 540 Insurance expense 1,550 Rent expense 10,600 Income tax expense. 4,300 Total $73,140 $73,140 Prepare a classified statement of financial position at December 31, 2021. CATENA'S MARKETING COMPANY Statement of Financial Position At December 31, 2021 Assets Current assets; Assets Current assets: CATENA'S MARKETING COMPANY Statement of Financial Position At December 31, 2021 Total current assets Total assets Liabilities Current liabilities: Total current liabilities Shareholders' equity Total shareholders' equity Total liabilities and shareholders' equity
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