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The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Credit Debit 12,000 150,000 6,000 30,000 400,000 $ Recounts Cash

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The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Credit Debit 12,000 150,000 6,000 30,000 400,000 $ Recounts Cash Accounts receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Con Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Depreciation Expense Interest Expense Totals 135,000 12,000 11,000 5,000 40,000 300,000 60,000 500,000 400,000 20,000 40,000 5,000 $1,063,000 $1,063,000 3. Prepare a classified balance sheet as of December 31, 2021. (Amounts to be deducted should be indicated by a FIGHTIN' BLUE HENS CORPORATION Balance Sheet December 31, 2021 Assets Liabilities Current assets: Cash Accounts Receivable Prepaid Rent Supplies Current liabilities: 12,000 150,000 Accounts Payable 6,000Salaries Payable 30,000 Interest Payable 12,000 11,000 5.000 Total current assets 28,000 198,000 Total current liabilities Notes Payable 40,000 Total liabilities 68,000 Stockholders' Equity Long-term assets: Accumulated Depreciation Equipment $ 135,000 400,000 Common Stock Retained Earnings 300.000 95,000 Total long-term assets Total assets 535,000 733,000 Total stockholders' equity Total liabilities and stockholders' equity 395,000 463.000

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