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The adjusted trial balance of Brand Irrigation System at December 31, 2024, follows: (Click the icon to view the adjusted trial balance.) Read the
The adjusted trial balance of Brand Irrigation System at December 31, 2024, follows: (Click the icon to view the adjusted trial balance.) Read the requirements. Data table Account Title Debit Credit Cash $ 12,200 Requirement 3. Prepare the company's classified balance sheet in report form at December 31, 2024. Start by preparing the assets section of the statement. In the next step, prepare the liabilities and owner's equity sections to complete the balance sheet. (If a box is not used in the b Brand Irrigation System Accounts Receivable 45,600 Office Supplies 14,000 Prepaid Insurance 5,200 Balance Sheet Building 57,300 December 31, 2024 Assets Accumulated Depreciation-Building $ 24,600 Equipment 30,000 Current Assets: Accumulated Depreciation-Equipment 7,100 Cash Accounts Receivable Accounts Payable 28,000 Interest Payable 2,000 Office Supplies Salaries Payable 3,600 Office Supplies Unearned Revenue 1,400 Notes Payable (long-term) 13,800 Brand, Capital 35,000 Brand, Withdrawals 2,300 Service Revenue 76,000 Insurance Expense 900 Less: Salaries Expense 16,800 Supplies Expense 900 Less: Interest Expense 2,000 Depreciation Expense-Equipment 2,600 1,700 Depreciation Expense-Building Liabilities 191,500 $ 191,500 Total Print Done
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