Question
Requirement 3. Prepare the company's classified balance sheet in report form at December 31, 2016. (a box is not used in the balance sheet, leave
Requirement 3. Prepare the company's classified balance sheet in report form at December 31, 2016. (a box is not used in the balance sheet, leave the box empty, do not select a label or enter a zero.) Blume Irrigation Bystem Balance Sheet December 31, 2018 Accats Less Less Liabilities Owner's Equity Blume Irrigation System Adjusted Trial Balance December 31, 2016 Balance Account Title Debit Credit Cash $ 49,710 Accounts Receivable 47,500 Office Supplies 3,790 Prepaid Insurance 4,600 Equipment 28,000 Accumulated Depreciation-Equipment $ 6,500 Building 56,100 Accumulated Depreciation-Building Accounts Payable Interest Payable Salaries Payable Unearned Revenue Notes Payable (long-term) Blume, Capital Blume, Withdrawals 25,000 42,000 1,200 3,500 1,300 30,100 30,000 2,500 upplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Building Accumulated Depreciation-Building Accounts Payable Interest Payable Salaries Payable Unearned Revenue Notes Payable (long-term) Blume, Capital Blume, Withdrawals Service Revenue Insurance Expense Salaries Expense Supplies Expense Interest Expense Depreciation Expense-Equipment Depreciation Expense-Building Total 3,790 4,600 28,000 $ 6,500 56,100 25,000 42,000 1,200 3,500 1,300 30,100 30,000 2,500 75,800 800 15,700 1,600 1,200 2,000 1,900 $ 215,400 $ 215,400
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