The unadjusted trial balance and income statement amounts from the December 31 adjusted trial balance of

Emerson Production Company follow.

.Use the data in the partial worksheet to prepare Emerson Production Company's

classified balance sheet at December 31 of the current year. Use the report format. First you must calculate the adjusted balance for several of the balance-sheet accounts.

Let's prepare the balance sheet for Emerson Production Company

(If a box is not used in the balance sheet leave the box empty; do not select a label or enter a zero.)

Emerson Production Company Unadjusted Trial Balance Adjustments Account Trial Balance 13,690 Cash Prepaid rent Equipment 1,900 41,000 3,800 4,700 8,600 Accumulated depreciation equipment Accounts payable Salary payable Unearned service revenue Income tax payable Notes payable, long-term Common stock Retained earnings Dividends 12,000 8,400 13,190 1,600 13,400 19,600 Service revenue Salary expense Rent expense Depreciation Expense-equipment Income tax expense 4,200 1,700 4,800 2,500 900 1,400 9,600 $ $ 64,090 64,090 $ 19,600 Total Journal Entry Date Accounts Credit Debit 6,200 Dec 6,200 Dec 600 Dec 800 31 Unearned Service Revenue Service Revenue 31 Salary Expense Salary Payable 31 Rent Expense Prepaid Rent 31 Depreciation Expense Accumulated Depreciation-Equipment 31 Income Tax Expense Income Tax Payable Dec 900 900 Dec 1,400 1,400 December 31 Assets Current Assets Cash Prepaid rent $ 13,690 1.100 14,790 $ 41,000 (4.700) Equipment 36,300 51,090 $ Total current assets Plant Assets Equipment Less: Accumulated depreciation Total assets Liabilities Current Liabilities: Accounts payable Salary payable Uneamed service revenue Income tax payable Total current liabilities Notes payable, long-term Total liabilities Shareholders' Equity Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity