Question
Presented below is the adjusted trial balance of Windsor, Inc. at December 31, 2017. Debit Credit Cash $ ? Supplies 1,410 Accounts Receivable 3,520 Prepaid
Presented below is the adjusted trial balance of Windsor, Inc. at December 31, 2017.
Debit | Credit | ||
---|---|---|---|
Cash | $ ? | ||
Supplies | 1,410 | ||
Accounts Receivable | 3,520 | ||
Prepaid Insurance | 2,380 | ||
Equipment | 80,220 | ||
Accumulated DepreciationEquipment | $20,600 | ||
Trademarks | 3,760 | ||
Accounts Payable | 2,820 | ||
Salaries and Wages Payable | 1,360 | ||
Unearned Service Revenue | 1,260 | ||
Bonds Payable (due 2024) | 32,540 | ||
Common Stock | 2,080 | ||
Additional paid-in capital | 15,780 | ||
Retained Earnings | 14,940 | ||
Service Revenue | 30,180 | ||
Salaries and Wages Expense | 14,800 | ||
Insurance Expense | 2,400 | ||
Rent Expense | 3,180 | ||
Interest Expense | 2,300 | ||
Total | $ ? | $ ? |
Additional information:
1. | Net income for the year was $7,500. | |
2. | No dividends were declared during 2017. |
Prepare a classified balance sheet as of December 31, 2017.
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