Coronado Design was founded by Thomas Grant in January 2011. Presented below is the adjusted trial balance as of December 31, 2020.

CORONADO DESIGN ADJUSTED TRIAL BALANCE DECEMBER 31, 2020
		Debit			Credit
Cash		$ 11,705
Accounts Receivable		22,205
Supplies		5,705
Prepaid Insurance		3,205
Equipment		60,705
Accumulated Depreciation-Equipment					$ 35,705
Accounts Payable					5,705
Interest Payable					222
Notes Payable					7,400
Unearned Service Revenue					6,305
Salaries and Wages Payable					1,488
Common Stock					10,705
Retained Earnings					4,205
Service Revenue					62,205
Salaries and Wages Expense		12,005
Insurance Expense		1,038
Interest Expense		572
Depreciation Expense		9,400
Supplies Expenses		3,400
Rent Expense		4,000
		$ 133,940			$ 133,940

Prepare an unclassified balance sheet at December 31. (List assets in order of liquidity.)

CORONADO DESIGN Balance Sheet choose the accounting period December 31, 2020For the Year Ended December 31, 2020For the Quarter Ended December 31, 2020

Assets

Revenue
Service revenue	62205
Total revenue	62205
Expenses
Salaries and wages	12005
Insurance	1038
Interest	572
Depreciation	9400
Supplies	3400
Rent	4000
Total expenses	30415
Net loss	-31790

Statement of retained earnings

Opening balance of retained earnings	0
Add net income/ loss for the period	-31790
Less dividend declared	0
Retained earnings ,closing balance	-31790

Prepare an unclassified balance sheet at December 31. (List assets in order of liquidity.)

CORONADO DESIGN Balance Sheet choose the accounting period December 31, 2020For the Year Ended December 31, 2020For the Quarter Ended December 31, 2020

Assets