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Prepare a classified balance sheet based on the following information: Javelina Corp Adjusted Trial Balance 31-Dec-16 Account Title Debit Credit Cash $ 10,000 Account

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Prepare a classified balance sheet based on the following information: Javelina Corp Adjusted Trial Balance 31-Dec-16 Account Title Debit Credit Cash $ 10,000 Account Receivable 12,000 Prepaid Insurance 700 Office Supplies 300 Building 650,000 Accumulated Depreciation - Building $ 325,000 Account Payable Unearned Revenue Note Payable - Long term 3,500 1,000 2,500 Common Stock Paid in Capital in Excess of Par 100,000 175,000 Retained Earnings 5,850 Service Revenue 75,000 Salaries Expense 5,300 Insurance Expense 2,500 Depreciation Expense 5,600 Advertising Expense 1,000 Supplies Expense 450 Totals $ 687,850 $ 687,850 Javelina Corp Statement of Retained Earnings 31-Dec-16 Retained Earnings, January 1, 2016 Net Income Dividends 555 $ $ $ 5,850 60,150

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