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plEASE HELP Exercise 5-11 Presented below is the adjusted trial balance of Bridgeport Corporation at December 31, 2017. Credit Debit Cash $ Supplies 1,490 Prepaid
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Exercise 5-11 Presented below is the adjusted trial balance of Bridgeport Corporation at December 31, 2017. Credit Debit Cash $ Supplies 1,490 Prepaid Insurance 1,290 Equipment 48,290 Accumulated Depreciation-Equipment $4,290 Trademarks 1,240 Accounts Payable 10,290 Salaries and Wages Payable 790 Unearned Service Revenue 2,290 Bonds Payable (due 2024) 9,290 Common Stock 10,290 Retained Earnings 25,290 Service Revenue 10,290 Salaries and Wages Expense 9,290 Insurance Expense 1,690 Rent Expense 1,490 Interest Expense 1,190 ? Total Additional information: Additional information: $3,370 were declared during 2017. 1. Net loss for the year was 2. No dividends Prepare a classified balance sheet as of December 31, 2017. (List Current Assets in order of liquidity.) BRIDGEPORT CORPORATION Balance Sheet For the Year Ended December 31, 2017 Assets Current Assets Cash Supplies Prepaid Insurance Intangible Assets Equipment Less Accumulated Depreciation-Equipment Total Intangible Assets Liabilities and Stockholders' Equity Current Liabilities Accounts Payable Salaries and Wages Payable Unearned Service Revenue Total Current Liabilities $ Long-term Liabilities Bonds Payable Total Liabilities Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity $Step by Step Solution
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