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Presented below is the adjusted trial balance of Tamarisk Corporation at December 31, 2020. Debit Credit Cash $ ? Supplies 1,450 Prepaid Insurance 1,250 Equipment

Presented below is the adjusted trial balance of Tamarisk Corporation at December 31, 2020.

Debit

Credit

Cash

$ ?

Supplies

1,450

Prepaid Insurance

1,250

Equipment

48,250

Accumulated Depreciation-Equipment

$ 4,250

Trademarks

1,200

Accounts Payable

10,250

Salaries and Wages Payable

750

Unearned Service Revenue

2,250

Bonds Payable (due 2027)

9,250

Common Stock

10,250

Retained Earnings

25,250

Service Revenue

10,250

Salaries and Wages Expense

9,250

Insurance Expense

1,650

Rent Expense

1,450

Interest Expense

1,150

Total

$ ? $ ?

Additional information:

1. Net loss for the year was $3,250.
2. No dividends were declared during 2020.

Prepare a classified balance sheet as of December 31, 2020.

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