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Prepare the classified balance sheet at December 31, 2024. Use the report form. (If a box is not used in the statement, leave the box
Prepare the classified balance sheet at December 31, 2024. Use the report form. (If a box is not used in the statement, leave the box empty; do not select a label or enter a zero.)
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Manchester Advertising Services Balance Sheet December 31, 2024 Assets Current Assets: Cash Accounts Receivable Office Supplies Total Current Assets 26200 Less: Accumulated Depreciation-Building Furniture Less: Accumulated Depreciation-Furniture Total Property, Plant, and Equipment Total Assets Manchester Advertising Services Adjusted Trial Balance December 31, 2024 \begin{tabular}{lcc} & \multicolumn{2}{c}{ Balance } \\ Account Title & Debit & Credit \\ Cash & 16,000 \\ Accounts Receivable & 9,100 \\ Office Supplies & 1,100 \\ Land & 25,000 \\ Building & 50,000 \end{tabular} Accumulated Depreciation-Building $20,000 Furniture 18,000 Accumulated Depreciation-Furniture 10,000 Accounts Payable Salaries Payable Unearned Revenue Notes Payable (long-term) Common Stock Dividends 20,000 Service Revenue 60,500 Salaries Expense 17,500 Supplies Expense 1,300 Depreciation Expense-Building 9,000 Depreciation Expense-Furniture 2,500 Advertising Expense Total $174,500$174,500Step by Step Solution
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