Question
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
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
Accumulated Depreciation-Equipment
$4,000
Trademarks
950
Accounts Payable
10,000
Salaries and Wages Payable
500
Unearned Service Revenue
2,000
Bonds Payable (due 2024)
9,000
Common Stock
10,000
Retained Earnings
25,000
Service Revenue
10,000
Salaries and Wages Expense
9,000
Insurance Expense
1,400
Rent Expense
1,200
Interest Expense
900Total$?$?
Additional information:
1.Net loss for the year was $2,500.2.No dividends were declared during 2017.
Prepare classified balance sheet as of December 31, 2017. (List Current Assets in order of liquidity.)
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