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The adjusted trial balance of John Co. for the year ending December 31, 2025, contains the following. John Co. Adjusted Trial Balance December 31, 2025
The adjusted trial balance of John Co. for the year ending December 31, 2025, contains the following. John Co. Adjusted Trial Balance December 31, 2025 Debit Credit Cash Accounts Receivable Prepaid Rent Equipment $19,627 7,075 2,435 18,205 Accumulated Depreciation-Equipment $5,050 Notes Payable 5,855 Accounts Payable 5,627 Common Stock 20,155 Retained Earnings 11,465 Dividends 3,155 Service Revenue 11,745 Salaries and Wages Expense 6,995 Rent Expense 2,246 Depreciation Expense Interest Expense Interest Payable 159 97 97 $59,994 $59,994 Assets Prepare a classified balance sheet. (List current assets in order of liquidity.) JOHN CO. Balance Sheet +A +A Liabilities and Stockholders' Equity +A +A
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