Cr. Account No. 101 112 126 130 157 158 200 201 Alshwer Company Worksheet For the Year Ended December 31, 2019 Adjusted Trial Balance Account Titles Dr. Cash 5,300 Accounts Receivable 10,800 Supplies 1,500 Prepaid Insurance 2,000 Equipment 27,000 Accumulated Depreciation-Equipment 5,600 Notes Payable 15,000 Accounts Payable 6,100 Salaries and Wages Payable 2,400 Interest Payable 600 Common Stock 10,000 Retained Earnings 3,000 Dividends 7,000 Service Revenue 61,000 Advertising Expense 8,400 Supplies Expense 4,000 Depreciation Expense 5,600 Insurance Expense 3,500 Salaries and Wages Expense 28,000 Interest Expense Totals 103,700 103,700 212 230 311 320 332 400 610 631 711 722 726 905 600 Prepare a classified balance sheet. (Note: $5,000 of the notes payable become due in 2020.) (List Current Assets in order of liquidity.) Alshwer Company Balance Sheet December 31, 2019 Assets Current Assets Cash 5300 Accounts Receivable 10800 Supplies 1500 Prepaid Insurance 2000 Total Current Assets 19600 Property, Plant and Equipment Equipment 27000 Less . . Accumulated Depreciation Equipment 5600 21400 Total Assets 41000 Liabilities and Stockholders' Equity Liabilities and Stockholders' Equity Current Liabilities Notes Payable 20000 Accounts Payable 6100 Interest Payable 600 Salaries and Wages Payable 2400 Total Current Liabilities 29100