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The Sthitha Corporation reported the following data as part of Adjusted Trial Balance and as additional information. Sthitha Corporation Adjusted Trial Balance Data December 31,

The Sthitha Corporation reported the following data as part of Adjusted Trial Balance and as additional information.

Sthitha Corporation Adjusted Trial Balance Data December 31, 2016
Accounts Payable $12,000
Accounts Receivable 13,000
Accumulated Depreciation-Building 5,600
Accumulated Depreciation-Equipment 9,400
Building 60,000
Common Stock 40,000
Cash 23,000
Copyrights 22,000
Dividends paid 12,000
Equipment 15,000
Land 25,000
Note Payable (10%, due in 5 years) 40,000
Office Supplies ending balance 1,000
Prepaid Insurance 3,000
Retained Earnings (January 1, 2016) 23,000
Wages Payable 2,000
Service Revenue 85,000
Wages Expense 28,000
Utilities Expense 2,000
Depreciation Expense 5,000
Insurance Expense 2,000
Interest Expense 4,000

Requirement:

Other Information: Office supplies beginning balance: 300; office supplies purchased during the year: 2700. Prepare a classified balance sheet in good form at December 31, 2016. (Ignore income taxes).

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