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Presented below is the adjusted trial balance of Swifty Corporation at December 31, 2020. Debit Credit Cash ? Supplies Prepaid Insurance Equipment 1,380 1,180 48,180
Presented below is the adjusted trial balance of Swifty Corporation at December 31, 2020. Debit Credit Cash ? Supplies Prepaid Insurance Equipment 1,380 1,180 48,180 Accumulated Depreciation-Equipment $ 4,180 Trademarks 1,130 Accounts Payable 10,180 Salaries and Wages Payable 680 Unearned Service Revenue 2,180 Bonds Payable (due 2027) 9,180 Common Stock 10,180 Retained Earnings 25,180 Service Revenue 10,180 Salaries and Wages Expense 9,180 Insurance Expense 1,580 Rent Expense 1,380 Interest Expense 1,080 Total ? ? Additional information: 1. Net loss for the year was $3,040. 2. No dividends were declared during 2020. Additional information: 1. Net loss for the year was $3,040. 2. No dividends were declared during 2020. Prepare a classified balance sheet as of December 31, 2020. (List Current Assets in order of liquidity.) SWIFTY CORPORATION Balance Sheet Assets $ Liabilities and Stockholders' Equity Liabilities and Stockholders' Equity $ $ List of Accounts Save for Later Attempts: 0 of 5 used Submit
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