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Jovi's Best Inc. Adjusted Trial Balance For the Year Ended December 31, 2021 Cash 35,000 Accounts Receivable 17,000 Prepaid Insurance 2,000 Equipment 40,000 Long-term Investment

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Jovi's Best Inc. Adjusted Trial Balance For the Year Ended December 31, 2021 Cash 35,000 Accounts Receivable 17,000 Prepaid Insurance 2,000 Equipment 40,000 Long-term Investment 7,000 Land 30,000 Accumulated Depreciation- 24,000 Equip Accounts Payable 15,000 Salaries and Wages Payable 13,000 Long-term Debt 35,000 Common Stock 25,000 Retained Earnings 8,000 Dividends 10,000 Sales Revenue 289,000 Cost of Goods Sold 190,000 Maintenance and Repairs 8,000 Expense Depreciation Expense 4,000 Insurance Expense 1,000 Salaries and Wages Expense 60,000 Utilities Expense 5,000 Totals 409,000 409,000 Instructions Prepare a multiple step income statement, a retained earnings statement, and a classified balance sheet

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