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Presented below is the adjusted trial balance of Kelly Corporation at December 31, 2017: Debit Credit Cash $ ????? Supplies 1,200 Prepaid Insurance 1,000 Equipment
Presented below is the adjusted trial balance of Kelly Corporation at December 31, 2017:
Debit | Credit | ||
Cash | $ ????? | ||
Supplies | 1,200 | ||
Prepaid Insurance | 1,000 | ||
Equipment | 48,000 | ||
Accum Depre - Equipment | $4,000 | ||
Trademarks | 950 | ||
Accounts Payable | 10,000 | ||
Salaries and Wages Payable | 500 | ||
Unearned Service Revenue | 2,000 | ||
Bonds Payable | 9,000 | ||
Common Stock | 10,000 | ||
Retained Earnings | 25,000 | ||
Service Revenue | 10,000 | ||
Salaries and Wages Expense | 9,000 | ||
Insurance Expense | 1,400 | ||
Rent Expense | 1,200 | ||
Interest Expense | 900 | ||
Totals | ????? | ????? |
Additionally, a net loss for the year was $2,500, and no dividends were declared during 2017. Prepare a classified balance sheet as of December 31, 2017.
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