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The adjusted trial balance for Zood Services' year-end is as follows. Account Title Debat Credit Cash $63.500 Accounts Receivable 3.750 Prepaid Insurance 3,000 Office Supplies
The adjusted trial balance for Zood Services' year-end is as follows. Account Title Debat Credit Cash $63.500 Accounts Receivable 3.750 Prepaid Insurance 3,000 Office Supplies 1.200 Equipment 110.000 Accumulated Depreciation $26.000 Accounts Payable 4.200 Unearned Revenue 4.900 Bank Loan 20.000 Steve, Capital 50,000 Service Revenue 168.950 Rent Expense 11.000 Depreciation Expense 5.000 Advertising Expense 4,100 Insurance Expense 3,000 Interest Expense 500 Repairs Expense 3.400 Salaries Expense 63000 Supplies Expense 2.600 Total $274,050 $274,050 Note: The Bank Loan is payable in 4 annual installments beginning July 1, 2016. Required Prepare the classified balance sheet Zood Services Balance Sheet As at June 30, 2017
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