Prepare a classified balance sheet in report form based on the adjusted trial balance for the Wood Productions on December 31, 2013.

Wood Productions

Adjusted Trial Balance

December 31, 2013

Debit Credit

Cash $2,000

Accounts receivable 9,000

Prepaid rent 5,000

Prepaid insurance 2,500

Supplies 3,200

Land 30,000

Building 50,000

Accumulated amort.-building $10,000

Equipment 35,000

Accumulated amort.-equipment 7,000

Accounts payable 8,000

Salary payable 3,000

Interest payable 1,000

Mortgage payable

(due 12/31/2018) 40,000

Jennifer Wood, Capital 84,900

Jennifer Wood, Withdrawals 10,000

Service revenue 80,000

Salary expense 28,000

Insurance expense 5,000

Rent expense 12,000

Utilities expense 15,000

Advertising expense 9,000

Amortization expense-building 10,000

Amortization expense-equipment 7,000

Supplies expense 1,200 ________

Total $233,900 $233,900