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Presented below is the adjusted trial balance of Blue Corporation at December 31, 2020. Debit Credit Cash $ ? Supplies 1,510 Prepaid Insurance 1,310 Equipment

Presented below is the adjusted trial balance of Blue Corporation at December 31, 2020.

Debit

Credit

Cash

$ ?

Supplies

1,510

Prepaid Insurance

1,310

Equipment

48,310

Accumulated Depreciation-Equipment

$ 4,310

Trademarks

1,260

Accounts Payable

10,310

Salaries and Wages Payable

810

Unearned Service Revenue

2,310

Bonds Payable (due 2027)

9,310

Common Stock

10,310

Retained Earnings

25,310

Service Revenue

10,310

Salaries and Wages Expense

9,310

Insurance Expense

1,710

Rent Expense

1,510

Interest Expense

1,210

Total

$ ? $ ?

Additional information:

1. Net loss for the year was $3,430.
2. No dividends were declared during 2020.

Prepare a classified balance sheet as of December 31, 2020. (List Current Assets in order of liquidity.)

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