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Debit Credit Cash $ ? Supplies 1,630 Prepaid Insurance 1,430 Equipment 48,430 Accumulated Depreciation-Equipment $ 4,430 Trademarks 1,380 Accounts Payable 10,430 Salaries and Wages Payable

Debit

Credit

Cash

$ ?

Supplies

1,630

Prepaid Insurance

1,430

Equipment

48,430

Accumulated Depreciation-Equipment

$ 4,430

Trademarks

1,380

Accounts Payable

10,430

Salaries and Wages Payable

930

Unearned Service Revenue

2,430

Bonds Payable (due 2024)

9,430

Common Stock

10,430

Retained Earnings

25,430

Service Revenue

10,430

Salaries and Wages Expense

9,430

Insurance Expense

1,830

Rent Expense

1,630

Interest Expense

1,330
Total $ ? $ ?

Additional information:

1. Net loss for the year was $3,790.
2. No dividends were declared during 2017.

Prepare a classified balance sheet as of December 31, 2017. (List Current Assets in order of liquidity.)

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