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Here is the adjusted trial balance for Little Heart's Ease Wood Productions on December 31, 2020. Little Heart's Ease Wood Productions Adjusted Trial Balance December

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Here is the adjusted trial balance for Little Heart's Ease Wood Productions on December 31, 2020. Little Heart's Ease Wood Productions Adjusted Trial Balance December 31, 2020 Credit Debit $2,000 9,000 5,000 2,500 3,200 27,000 50,000 $10,000 30,000 7,000 5,000 3,000 Cash Accounts receivable Prepaid rent Prepaid insurance Supplies Land Building Accumulated depreciation-building Equipment Accumulated depreciation.-equipment Patent Copyright Accounts payable Salary payable Interest payable Mortgage payable (due Dec. 31/2023) Jennifer Wood, Capital Jennifer Wood, Withdrawals Service revenue Interest revenue Salary expense Insurance expense Rent expense Utilities expense Advertising expense Depreciation expense-building Depreciation expense-equipment Supplies expense Total 8,000 3,000 1,000 40,000 84,900 10,000 78,000 2,000 28,000 5,000 12,000 15,000 9,000 10,000 7,000 1,200 $233.900 $233,900 Note: $5,000 of the mortgage payable is due December 31, 2021. REQUIRED: Prepare a classified balance sheet in report form based on the adjusted trial balance for Little Heart's Ease Wood Productions on December 31, 2020

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