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The December 31, 2018, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Accounts Debit Credit Cash $ 11,900 Accounts Receivable 149,000 Prepaid
The December 31, 2018, adjusted trial balance for Fightin' Blue Hens Corporation is presented below.
Accounts | Debit | Credit | ||||
Cash | $ | 11,900 | ||||
Accounts Receivable | 149,000 | |||||
Prepaid Rent | 5,900 | |||||
Supplies | 29,500 | |||||
Equipment | 390,000 | |||||
Accumulated Depreciation | $ | 134,000 | ||||
Accounts Payable | 11,900 | |||||
Salaries Payable | 10,900 | |||||
Interest Payable | 4,900 | |||||
Notes Payable (due in two years) | 39,000 | |||||
Common Stock | 290,000 | |||||
Retained Earnings | 59,000 | |||||
Service Revenue | 490,000 | |||||
Salaries Expense | 390,000 | |||||
Rent Expense | 19,500 | |||||
Depreciation Expense | 39,000 | |||||
Interest Expense | 4,900 | |||||
Totals | $ | 1,039,700 | $ | 1,039,700 | ||
Prepare a classified balance sheet as of December 31, 2018. (Amounts to be deducted should be indicated by a minus sign.)
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