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Presented below is the adjusted trial balance of Nash Corporation at December 31, 2017. Debit Credit Cash $ ? Supplies 1,600 Prepaid Insurance 1,400 Equipment

Presented below is the adjusted trial balance of Nash Corporation at December 31, 2017.

Debit

Credit

Cash

$ ?

Supplies

1,600

Prepaid Insurance

1,400

Equipment

48,400

Accumulated Depreciation-Equipment

$ 4,400

Trademarks

1,350

Accounts Payable

10,400

Salaries and Wages Payable

900

Unearned Service Revenue

2,400

Bonds Payable (due 2024)

9,400

Common Stock

10,400

Retained Earnings

25,400

Service Revenue

10,400

Salaries and Wages Expense

9,400

Insurance Expense

1,800

Rent Expense

1,600

Interest Expense

1,300
Total $ ? $ ?

Additional information:

1. Net loss for the year was $3,700.
2. No dividends were declared during 2017.

Prepare a classified balance sheet as of December 31, 2017. (List Current Assets in order of liquidity.)

image text in transcribed

Assets Liabilities and Stockholders' Equity

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