Question
Sparrow Company had the following adjusted trial balance at December 31, 2018. Sparrow Company Adjusted Trial Balance December 31, 2018 Debit Credit Cash$2,750 Accounts Receivable5,650
Sparrow Company had the following adjusted trial balance at December 31, 2018.
Sparrow Company
Adjusted Trial Balance
December 31, 2018DebitCreditCash$2,750
Accounts Receivable5,650
Prepaid Insurance4,480
Equipment42,000
Accumulated Depreciation, Equipment$24,000
Accounts Payable2,400
Salaries Payable4,450
Unearned Service Revenue3,875
Common Shares8,000
Retained Earnings2,255
Dividends Declared10,500
Service Revenue99,600
Salaries Expense49,400
Rent Expense17,250
Insurance Expense2,200
Depreciation Expense4,950
Income Tax Expense5,400
Totals$144,580$144,580
What is the classified statement of financial position for Sparrow at December 31, 2018.
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College Accounting Chapters 1-24
Authors: Tracie L Nobles, Cathy Scott
11th Edition
1111528306, 978-1111528300
