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i need help figuring out assets and liabilties Culver Company Worksheet For the Year Ended December 31, 2022 Adjusted Trial Balance Cr. Account No. Dr.
i need help figuring out assets and liabilties
Culver Company Worksheet For the Year Ended December 31, 2022 Adjusted Trial Balance Cr. Account No. Dr. Account Titles 101 Cash 5,500 112 Accounts Receivable 10,800 126 Supplies 1,600 2.200 130 Prepaid Insurance 26.600 157 Equipment 5,000 158 Accumulated Depreciation-Equipment Notes Payable 14.700 200 6,200 201 Accounts Payable 2.300 212 Salaries and Wages Payable 230 Interest Payable 500 311 Common Stock 14,800 320 Retained Earnings 4,500 332 Dividends 6,600 400 Service Revenue 54,400 610 Advertising Expense 8,400 631 3,700 Supplies Expense 5,000 711 Depreciation Expense 3.100 722 Insurance Expense 28,400 726 Salaries and Wages Expense 500 905 Interest Expense 102,400 102.400 Totals Prepare a classified balance sheet. (Note: $4,900 of the notes payable become due in 2022.) (List Current Assets in order of liquidity) Culver Company Balance Sheet December 31, 2022 Assets Current Assets Cash Accounts Receivable Supplies Prepaid Insurance Supplies Prepaid Insurance Intangible Assets $ Equipment Less Accumulated Depreciation-Equipment $ Total Assets Liabilities and Stockholders' Equity Current Liabilities Step by Step Solution
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