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The following is a December 31, 2018, post-closing trial balance for Culver City Lighting, Inc. Credits Debits 60,000 44,000 50,000 20,000 115,000 39,000 Account Title
The following is a December 31, 2018, post-closing trial balance for Culver City Lighting, Inc. Credits Debits 60,000 44,000 50,000 20,000 115,000 39,000 Account Title Cash Accounts receivable Inventories Prepaid insurance Equipment Accumulated depreciation equipment Patentnet Accounts payable Interest payable Note payable (due in 10, equal annual installments) Common stock Retained earnings Totals 45,000 14,500 4,500 150,000 75,000 51.000 334,000 334.000 Prepare a classified balance sheet for Culver City Lighting, Inc. (Amounts to be deducted should be indicated by a minus sign.)
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