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I need assistance preparing a classified balance sheet for the item below. Please assist and thank you for your help. Prepare an adjusted trial balance
I need assistance preparing a classified balance sheet for the item below.
Please assist and thank you for your help.
Prepare an adjusted trial balance at December 31,2022. CULLUMBER CORPORATION Adjusted Trial Balance December 31, 2022 Debit Credit Cash $194800$ Accounts Recelvable 92100 Allowance for Doubtful Accounts 3400 Supplles 5800 Land 36000 Bulldings 151800 Accumulated Depreclation-Bulldings Accounts Payable 23600 Common Stock 96000 Preferred Stock 48000 Pald-In Capital In Excess of Par-Preferred Stock 1200 Pald-In Capital in Excess of Par-Common Stock \begin{tabular}{|r|} \hline 12800 \\ \hline \end{tabular} Treasury Stock Retalned Earnings 14000 Cash Dividends 13370 Supplles Expense 31200 Other Operating Expenses 179300 Bad Debt Expense 3300 Depreclation Expense 4700 Income Tax Expense Totals \begin{tabular}{rr} \hline 46500 \\ \hline$ & 772870 \\ \hline \end{tabular} Dranare an income ctatement far the vear andino Deramher 21 Prepare a retained earnings statement for the year ending December 31, 2022. (List items that increase retained earnings first.) Prepare a classified balance sheet as of December 31, 2022. (List Current Assets in order of liquidity. List Property, Plant and Equipment in order of Land and Buildings.) Liabilities and Stockholders' Equity $Step by Step Solution
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