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Catena's Marketing Company has the following adjusted trial balance at December 31, 2021. No dividends were declared. However, 370 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, 370 shares issued at the end of the year for $3,700 are included below: Cash Accounts receivable Debit $ 2,200 2,900 Credit Interest receivable Prepaid insurance 170 2,300 Notes receivable (long-term) 3,500 Equipment 16,340 Accumulated depreciation $ 3,700 Accounts payable 3,100 Accrued expenses payable 4,270 3,050 Income taxes payable. Deferred rent revenue Contributed capital (740 shares) Retained earnings Sales revenue Interest revenue Rent revenue Wages expense Depreciation expense Utilities expense Insurance expense Rent expense Income tax expense Total 850 4,400 2,420 41,300 170 1,150 20,200 2,150 450 1,100 9,700 3,400 $64,410 $64,410 Prepare a classified statement of financial position at December 31, 2021 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: Total current assets Total assets Liabilities Current liabilities: Liabilities Current liabilities: Total current liabilities Shareholders' equity Total shareholders' equity Total liabilities and shareholders' equity
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