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The adjusted balances at December 31, 2020, for Derlak Enterprises are shown in alphabetical order below: Accounts payable Accumulated amortization, franchise Accumulated amortization, patent Accumulated
The adjusted balances at December 31, 2020, for Derlak Enterprises are shown in alphabetical order below: Accounts payable Accumulated amortization, franchise Accumulated amortization, patent Accumulated depreciation, equipment Accumulated depreciation, tools Accumulated depreciation, vehicles Cash 2020 2019 $ 66,300 $11,500 21,100 4,000 82,300 13,100 3,300 69,000 50,500 110,700 51,900 112,800 18,000 30,700 Equipment 203,000 100,000. Franchise, 60,600 60,600 Lee Derlak, capital 205,320 36,920 Lee Derlak, withdrawals 51,000 38,400 Notes payable, due in 2023 168,000 158,100 office supplies 4,300 4,220 Operating expenses 782,700 573,100 Patent 35,000 35,000 Prepaid rent 35,000 48,000. Salaries payable 46,800 24,200 Service revenue 856,000 779,900 Tools 153,420 102,700 268,000 268,000 Vehicles "The owner, Lee Derlak, made no additional investments during the year. Required: Prepare a comparative classified balance sheet at December 31, 2020. (Record the accounts in the given order. Enter all amounts as positive values.)
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