Exercise 5-11

Presented below is the adjusted trial balance of Skysong Corporation at December 31, 2017.

	Debit		Credit
Cash	$ ?
Supplies	1,450
Prepaid Insurance	1,250
Equipment	48,250
Accumulated Depreciation-Equipment			$ 4,250
Trademarks	1,200
Accounts Payable			10,250
Salaries and Wages Payable			750
Unearned Service Revenue			2,250
Bonds Payable (due 2024)			9,250
Common Stock			10,250
Retained Earnings			25,250
Service Revenue			10,250
Salaries and Wages Expense	9,250
Insurance Expense	1,650
Rent Expense	1,450
Interest Expense	1,150
Total	$ ?		$ ?

Additional information:

1.		Net loss for the year was $3,250.
2.		No dividends were declared during 2017.

Prepare a classified balance sheet as of December 31, 2017.