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E5.11 (LO1, 2) (Statement of Financial Position Preparation) Presented below is the adjusted trial balance of Abbey Corporation a December 31, 2019. Debit Credit Cash

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E5.11 (LO1, 2) (Statement of Financial Position Preparation) Presented below is the adjusted trial balance of Abbey Corporation a December 31, 2019. Debit Credit Cash ? Supplies Prepaid Insurance Equipment 1,200 1,000 48,000 9,000 Accumulated Depreciation-Equipment Trademarks 950 Accounts Payable 10,000 Salaries and Wages Payable 500 Unearned Service Revenue 2,000 Bonds Payable (due 2022) 9,000 Share Capital-Ordinary 10,000 Retained Earnings 20,000 Service Revenue 10,000 Salaries and Wages Expense 9,000 Insurance Expense 1,400 Rent Expense 1,200 Interest Expense 900 Total ? ? Additional information: 1. Net loss for the year was 2,500. 2. No dividends were declared during 2019. Instructions Prepare a classified statement of financial position as of December 31

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