Question
These items are taken from the financial statements of Orifax Company for 2021. Retained Earnings (beginning of year) $33,200 Utilities Expense 2,130 Equipment64,500 Accounts Payable20,100
These items are taken from the financial statements of Orifax Company for 2021.
Retained Earnings (beginning of year) $33,200
Utilities Expense 2,130
Equipment64,500
Accounts Payable20,100
Cash14,450
Salaries and Wages Payable 4,470
Common stock21,900
Dividends12,000
Supplies3,700
Debt Investment (Long term) 5,900
Trademarks2,200
Service Revenue 70,700
Prepaid Insurance 4,970
Maintenance and repairs expense 1,670
Depreciation expense 3,290
Accounts Receivable 15,280
Insurance Expense 2,510
Salaries and Wages expense 39,720
Accumulated Depreciation-equipment 21,950
Draw up a classified balance sheet as of December 31, 2021. (List Current Assets in order of liquidity.)
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