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Chapter 5 8: 24 1. Presented below is the adjusted trial balance of Abbey Corporation at December 31, 2015. Cash Supplies Prepaid Insurance Equipment Accumulated
Chapter 5 8: 24 1. Presented below is the adjusted trial balance of Abbey Corporation at December 31, 2015. Cash Supplies Prepaid Insurance Equipment Accumulated DepreciationEquipment Trademarks Accounts Payable Salaries and Wages Payable Unearned Service Revenue Bonds Payable (due 2022) Share CapitalOrdinary Retained Earnings Service Revenue Salaries and Wages Expense Insurance Expense Rent Expense Interest Ex u ense Additional information: 1. Net loss for the year was 2,500. 2. No dividends were declared during 2015. Instructions Prepare a classied statement of nancial position as of December 31, 2015
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