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Marigold Company ended its fiscal year on July 31, 2022. The companys adjusted trial balance as of the end of its fiscal year is shown
Marigold Company ended its fiscal year on July 31, 2022. The companys adjusted trial balance as of the end of its fiscal year is shown as follows.
Marigold Company Adjusted Trial Balance July 31, 2022 | ||||||
---|---|---|---|---|---|---|
No. | Account Titles | Debit | Credit | |||
101 | Cash | $ 8,600 | ||||
112 | Accounts Receivable | 8,900 | ||||
157 | Equipment | 16,500 | ||||
158 | Accumulated DepreciationEquip. | $ 7,200 | ||||
201 | Accounts Payable | 4,000 | ||||
208 | Unearned Rent Revenue | 2,400 | ||||
311 | Common Stock | 19,200 | ||||
320 | Retained Earnings | 25,400 | ||||
332 | Dividends | 15,500 | ||||
400 | Service Revenue | 65,000 | ||||
429 | Rent Revenue | 6,500 | ||||
711 | Depreciation Expense | 8,500 | ||||
726 | Salaries and Wages Expense | 56,500 | ||||
732 | Utilities Expense | 15,200 |
| |||
$ 129,700 | $ 129,700 |
Prepare a classified balance sheet at July 31. (List Current Assets in order of liquidity.) Marigold Company Balance Sheet Assets $ > 07 $ Liabilities and Stockholders' Equity $ $ 07 $ Liabilities and Stockholders' Equity $ $
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