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Kent Corporation Adjusted Trial Balance Data December 31, 2023 Accounts Payable $ 12,000 Accounts Receivable 13,000 Accumulated Depreciation-Building 6,000 Accumulated Depreciation-Equipment 9,000 Building 60,000 Common
Kent Corporation | |
Adjusted Trial Balance Data | |
December 31, 2023 | |
Accounts Payable | $ 12,000 |
---|---|
Accounts Receivable | 13,000 |
Accumulated Depreciation-Building | 6,000 |
Accumulated Depreciation-Equipment | 9,000 |
Building | 60,000 |
Common Stock | 40,000 |
Cash | 24,000 |
Copyrights | 22,000 |
Dividends Declared | 12,000 |
Equipment | 15,000 |
Land | 25,000 |
Note Payable (10%, due in 5 years) | 40,000 |
Office Supplies | 1,000 |
Prepaid Insurance | 3,000 |
Retained Earnings (January 1, 2023) | 23,000 |
Wages Payable | 2,000 |
Service Revenue | 85,000 |
Wages Expense | 28,000 |
Utilities Expense | 2,000 |
Depreciation Expense | 5,000 |
Insurance Expense | 2,000 |
Office Supplies Expense | 1,000 |
Interest Expense | 4,000 |
Required:
Prepare a classified balance sheet in good form at December 31, 2023. (Ignore income taxes).
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