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Check my Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $650 were declared at
Check my Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $650 were declared at the end of the year, and 580 additional shares of common stock ($0.10 par value per share) were issued at the end of the year for $2,320 in cash (for a total at the end of the year of 810 shares). These effects are included below. Catena's Marketing Company Adjusted Trial Balance End of the Current Year Debit Credit Cash $ 1,620 Accounts receivable 2,340 Interest receivable 130 Prepaid insurance 1,760 Long-term notes receivable 2,960 Equipment 15.900 Accumulated depreciation $ 2,850 Accounts payable 2,360 Dividends payable 650 Accrued expenses payable 3,860 Income taxes payable 2,570 Unearned rent revenue 410 Common Stock (810 shares) 81 Additional paid-in capital 3,559 Retained earnings 4,810 Sales revenue 36,850 Interest revenue Rent revenue 730 Wages expense 18,600 Depreciation expenso 1,800 Utilities expense 360 Insurance expense Rent expense 10,000 Income tax expense 2.700 Total $58,870 $ 58.870 140 700 Annar hann hent in the end of the man Prepare a classified balance sheet for the end of the current year. CATENA'S MARKETING COMPANY Balance Sheet Assets Current assets: Total current assets 0 + Total assets $ 0 Liabilities Current liabilities: Total current liabilities 0 Stockholders' equity Total stockholders' equity Total liabilities and stockholders' equity 0 $ 0
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