FIX THE RED BOXES

Account No. 101 112 126 130 157 158 200 201 Monty Company Worksheet For the Year Ended December 31, 2022 Adjusted Trial Balance Account Titles Dr. Cr. Cash 5,000 Accounts Receivable 10,800 Supplies 1,800 Prepaid Insurance 1,800 Equipment 27,400 Accumulated Depreciation-Equipment 5,200 Notes Payable 14,700 Accounts Payable 6,300 Salaries and Wages Payable 2,600 Interest Payable 500 Common Stock 12,600 Retained Earnings 3,500 Dividends 7,200 Service Revenue 58,200 Advertising Expense 8,700 Supplies Expense 3,700 Depreciation Expense 5,200 Insurance Expense 3,300 Salaries and Wages Expense 28,200 Interest Expense 500 Totals 103,600 103,600 212 230 311 320 332 400 610 631 711 722 726 905 Prepare a classified balance sheet. (Note: $4,900 of the notes payable become due in 2022.) (List Current Assets in order of liquidity.) Monty Company Balance Sheet December 31, 2022 Assets Current Assets cash $ 5000 Accounts Receivable 10800 Supplies 1800 Prepaid Insurance 1800 Total Current Assets $ Property, Plant and Equipment Equipment 27400 Less : Accumulated Depreciation-Equipment 5200 i Total Assets $ Liabilities and Stockholders' Equity Current Liabilities Accounts Payable $ 6300 Salaries and Wages Payable 2600 Interest Payable 500 Notes Payable 9800 Total Current Liabilities $ Long-term Liabilities Notes Payable Total Liabilities Stockholders' Equity Common Stock 12600 Retained Earnings 4900 Total Stockholders' Equity Total Liabilities and Stockholders' Equity $