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Presented below is the adjusted trial balance of Metlock, Inc. at December 31, 2017. Debit Credit Cash $ ? Supplies 1,390 Accounts Receivable 2,980 Prepaid

Presented below is the adjusted trial balance of Metlock, Inc. at December 31, 2017.

Debit

Credit

Cash

$ ?

Supplies

1,390

Accounts Receivable

2,980

Prepaid Insurance

2,060

Equipment

80,000

Accumulated DepreciationEquipment

$20,740

Trademarks

4,020

Accounts Payable

3,200

Salaries and Wages Payable

800

Unearned Service Revenue

1,680

Bonds Payable (due 2024)

31,960

Common Stock

2,580

Additional paid-in capital

15,160

Retained Earnings

14,480

Service Revenue

29,600

Salaries and Wages Expense

14,200

Insurance Expense

2,860

Rent Expense

2,760

Interest Expense

2,960
Total $ ? $ ?

Additional information:

1. Net income for the year was $6,820.
2. No dividends were declared during 2017.

Prepare a classified balance sheet as of December 31, 2017.

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