Chapter Four Review Accounting Fundamentals 1 Below is the year-end adjusted trial balance of the ledger of Red Line Yoga. Red Line Yoga Adjusted Trial Balance Dec 31, 2017 Cash 1,237,000 Accounts receivable 14,000 Prepaid rent 25,000 Prepaid insurance 13,750 Office supplies 8,645 Office equipment 28,080 Accumulated amortization, equipment 11,232 Building 575,580 Accumulated amortization, building 95,930 Land 1,175,050 Accounts payable 16,325 Salaries payable 4,200 Interest payable 2,500 Long-term note payable 58,500 Sterling Archer, capital 2,418,726 Sterling Archer, drawings 87,550 Service fees earned 596,850 Salaries expense 9,800 Insurance expense 3,750 Rent expense 5,000 Amortization expense, equipment 1,872 Amortization expense, building 19,186 Totals 3.204,263 3,204,263 1. Prepare a classified year-end balance sheet. A $6,500 installment on the long-term note payable is due within one year