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Prepare a classified balance sheet from the trial balance. Credit Debit Accounts 156,500 $ 116,650 Cash Accounts Recieveable Allowance for Doubtful Accounts 1Supplies 2 Prepaid
Prepare a classified balance sheet from the trial balance.
Credit Debit Accounts 156,500 $ 116,650 Cash Accounts Recieveable Allowance for Doubtful Accounts 1Supplies 2 Prepaid Insurance 3 Building 4 Equipment 15 Land 16 Accumulated Depreciation 17 Investment in Bonds held to Maturity 18 Accounts Payable 19 Current Maturity of Note Payable 20 Note Payable 21 Unearned Revenue 22 Interest Payable 23 Salaries Payable 24 Common stock 25 Retained earnings 26 Service Revenue 27 Advertising Expense 28 Depreciation Expense 29 Insurance Expense 30 Interest Expense 31 Rent Expense 32 Salaries Expense 33 Supplies Expense 34 Travel Expense 35 Utilities Expense 36 Loss on Sale of Equipment 37 Total 51,250 $ 2,950 1,700 260,000 125,000 111,500 167,000 24,000 5,650 3,000 170,000 2,000 1,500 1,950 49,100 100,000 488,700 6,000 55,600 5,800 1,800 6,700 155,000 2,200 550 6,200 2,000 $ 1,040,150 $ 1,040,150 38 39 40 Step by Step Solution
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