Form a Classified Balance Sheet

ABC Corporation
Adjusted Trial Balance
December 31, 2016
	Debit	Credit
Cash	$ 834,544
Accounts Receivable	442,120
Allowance for doubtful accounts		75,000
Inventory	70,000
Allowance to Reduce Inventory to NRV		16,000
Prepaid Insurance	4,500
Land	88,000
Building	37,500
Accumulated depreciation: building		1,265
Equipment	21,600
Accumulated depreciation: equipment		9,900
Patent	45,000
Accounts Payable		88,851
Interest Payable		35,000
Income taxes payable		37,221
Wages payable		4,000
Unearned rent revenue		9,000
Bonds payable		700,000
Premium on Bonds payable		52,045
Common stock		135,000
PIC in Excess of Par- Common Stock		130,000
Paid in Capital- Treasury Stock		6,000
Retained earnings
Treasury stock	10,000
Dividends	28,000
Sales Revenue		790,000
Rent Revenue		4,500
Purchases	177,000
Wages expense	66,150
Bad debt expense	75,000
Office expense	28,500
Insurance expense	22,500
Advertising expense	9,240
Depreciation expense	11,165
Interest expense	31,171
Loss on inventory	16,000
Utilities expense	33,571
Impairment loss expense	5,000
Income taxes expense	37,221
Total	2,093,782	2,093,782