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The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Accounts Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated
The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Accounts Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Debit $ 12,000 150,000 6,000 30,000 Credit 400,000 $ 135,000 Interest Payable Notes Payable (due. in two years) Common Stock Retained Earnings 12,000 11,000 5,000 40,000 300,000 60,000 Service Revenue 500,000 Salaries Expense Rent Expense 400,000 20,000 Depreciation Expense 40,000 Interest Expense 5,000 Totals $1,063,000 $1,063,000 Exercise 3-16A Part 3 3. Prepare a classified balance sheet as of December 31, 2021. (Amounts to be deducted should be indicated by a minus sign.) Assets Current assets: FIGHTIN' BLUE HENS CORPORATION Balance Sheet December 31, 2021 Liabilities Current liabilities: Total current assets Total current liabilities Long-term assets: Total long-term assets Total assets Total liabties Stockholders' Equity 4 Total stockholders' equity Total liabilities and stockholders' equity
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