Prepare a classified balance sheet for 2020.
My assets do not equal my liabilities + owners equity. Can someone help?
RIVERBED TRIAL BALANCE DECEMBER 31, 2020 Debit Credit Cash $33.500 47,400 $3,050 Accounts Receivable Allowance for Doubtful Accounts Supplies Prepaid Insurance 3.180 1.600 Equipment 33,000 Accumulated Depreciation-Equipment 4,000 Notes Payable 9,600 45,090 95,410 7,800 Owner's Capital Service Revenue Rent Expense Salaries and Wages Expense Utilities Expenses Office Expense 28.750 1.280 640 $157.150 $157.150 1. 2 3. 4. Fees received in advance from clients 56.000, which were recorded as revenue. Services performed for clients that were not recorded by December 31, 55,900. Equipment is being depreciated at 8% per year. Bad debt expense for the year is $1.440. Insurance expired during the year $500 Riverbed gave the bank a 90-day, 5% note for $9.500 on December 1, 2020 Rent of the building is $500 per month. The rent for 2020 has been paid as has that for January 2021 Office salaries and wages earned but unpaid December 31, 2020. 51.520. 5. 7. 8. Civerbed withdrew $12,000 cash for personal use during the year. Your anar a correct From the trial lear information an, prapara arenal adjusclina intro 12 of Deat 22, 2010. Credit account Alle ore automatically indested when ancie stened. Do retindent manual.ro try and select "No Entry for the account sities and enter for the amounts Use S60 days foculation Debit Credit No Account Tities and Explanation 1 Serie Rice 5000 Lherred Servies Revenus 4000 Asen 2900 Series Rice 2900 2 Deprecationes 2440 Sed Degrediation- int 2546 Bus Det Alware true 2440 s In 900 Pregali 900 Interest N Pregals Rent Renters Dec 2. Saran agar Saarland Waga RIVEREED Statement of Owners' Equity Partner Creed December 21 2020 De Cazaruary 9709 A Ne smem 9330 LEER Owner Drang 92.000 Dura CapitDe Textbook and Media Assistance Used Solution List of Accounts Attempta: 3 of 3 used Using multicheted your score 15% score reduction after etterret (63) Precarea de baleset for 2020. Licet in the order of quality RIVERBED Balance Sheet De 21.2030 Assets > Liabilities and Owner's Equity Prepare a classified balance sheet for 2020. (List current assets in the order of liquidity.) RIVERBED Balance Sheet December 31, 2020 Assets Current Assets Cash $ 33,500 Accounts Recevable $ 53300 Less V Allowance for Doubtful Accounts 5900 51860 Supplies 3.180 Prepald Insurance 1100 Prepaid Rent 600 Total Current Assets $ 90240 Equipment 33.000 Less V . Accumulated Depreciation Equipment 2640 30360 Total Assets $ 120600 Liabilities and Owner's Equity Current Liabilitles Notes Payable $ 9,600 Interest Payable 40 Salaries and Wages Payable 1520 Uneared Service Revenue 6000 Total Current Liabilitles $ 17160 Owner's Equity Owner's Capital 96390 Total Ulabilities and Owner's Equity S 113550
