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Required information Skip to question [The following information applies to the questions displayed below.] The December 31, 2021, adjusted trial balance for Fightin' Blue Hens

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[The following information applies to the questions displayed below.]

The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented below.

Accounts Debit Credit
Cash $ 10,900
Accounts Receivable 139,000
Prepaid Rent 4,900
Supplies 24,500
Equipment 290,000
Accumulated Depreciation $ 124,000
Accounts Payable 10,900
Salaries Payable 9,900
Interest Payable 3,900
Notes Payable (due in two years) 29,000
Common Stock 190,000
Retained Earnings 49,000
Service Revenue 390,000
Salaries Expense 290,000
Rent Expense 14,500
Depreciation Expense 29,000
Interest Expense 3,900
Totals $ 806,700 $ 806,700

3. Prepare a classified balance sheet as of December 31, 2021. (Amounts to be deducted should be indicated by a minus sign.)

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