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The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Credit Debit $ 10,500 135,000 4,500 22,500 250,000 Accounts Cash
The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Credit Debit $ 10,500 135,000 4,500 22,500 250,000 Accounts Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Depreciation Expense Interest Expense Totals $120,000 10,500 9.500 3,500 25,000 150,000 45,000 350.000 250,000 12,500 25,000 3,500 $713,500 $713,500 3. Prepare a classified balance sheet as of December 31, 2021. (Amounts to be deducted should be indicated by a min sign.) FIGHTIN' BLUE HENS CORPORATION Balance Sheet December 31, 2021 Assets Liabilities Current assets. Current liabilities: Total current assets 0 Total current liabilities 0 Total liabilities 0 Long-term assets: Stockholders' Equity Total long-term assets Total assets 0 Total stockholders' equity 0 Total liabilities and stockholders' equity $
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