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Presented below is the adjusted trial balance of Kelly Corporation at December 31, 2020. Debit Credit Cash $ ? Supplies Prepaid Insurance Equipment 1,200 1,000
Presented below is the adjusted trial balance of Kelly Corporation at December 31, 2020. Debit Credit Cash $ ? Supplies Prepaid Insurance Equipment 1,200 1,000 48,000 Accumulated Depreciation-Equipment $ 4,000 Trademarks 950 Accounts Payable 10,000 Salaries and Wages Payable 500 Unearned Service Revenue 2,000 Bonds Payable (due 2027) 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 Interest Expense Total 1,200 900 $ LA ? $ ? 1. Net loss for the year was $2,500. 2. No dividends were declared during 2020. Prepare a classified balance sheet as of December 31, 2020. (L KELLY CORPORATION Balance Sheet Assets $ CA +A LA $ Liabilities and Stockholders' Equity +A $ +A $ $
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