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Presented below is the adjusted trial balance of Abbey Corporation at December 31, 2019. Cash Supplies Prepaid Insurance Machinery Debit Credit 8,850 1,900 1,000
Presented below is the adjusted trial balance of Abbey Corporation at December 31, 2019. Cash Supplies Prepaid Insurance Machinery Debit Credit 8,850 1,900 1,000 48,000 950 Accumulated depreciation - machinery College of t9,000 Middle East, 202 Trademarks Accounts Payable Salaries and Wages Payable Unearned Service Revenue Bonds Payable (due 2023) 10,000 500 2,000 9,000 Share Capital Ordinary Retained Earnings 10,000 22,700 Service Revenue 10,000 Salaries and Wages Expense 9,000 Insurance Expense 1,400 Rent Expense 1,200 Interest Expense 900 Total $73,200 $73,200 Additional information: 1. Net loss for the year was 2,500. 2. No dividends were declared during 2019. Prepare the statement of financial position at December 31.
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