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The adjusted trial balance for Sunland Company is given below: SUNLAND COMPANY Trial Balance August 31, 2020 Before Adjustment After Adjustment Dr. Cr. Dr. Cr.
The adjusted trial balance for Sunland Company is given below: SUNLAND COMPANY Trial Balance August 31, 2020 Before Adjustment After Adjustment Dr. Cr. Dr. Cr. Cash $9,156 $9,156 Accounts Receivable 7,392 7.896 Supplies 2,100 420 Prepaid Insurance 3,360 2,100 Equipment 13,440 13,440 Accumulated Depreciation-Equipment $3,024 $4,032 Accounts Payable 4.872 4,872 Salaries and Wages Payable 0 924 Unearned Rent Revenue 1,512 672 Common Shares 8,400 8,400 Retained Earnings 4,620 4,620 Dividends 2,352 2,352 Service Revenue 28,560 29.064 Rent Revenue 10,164 11,004 Salaries and Wages Expense 14,280 15,204 Supplies Expense 0 1,680 Rent Expense 9,072 9,072 Insurance Expense 0 1,260 Depreciation Expense 0 1,008 $61,152 $61,152 $63,588 $63,588 Prepare the classified balance sheet at August 31. (List Current Assets in order of liquidity.) SUNLAND COMPANY Balance Sheet Assets $ $ $ Liabilities and Shareholders' Equity
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