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Use the following year-end adjusted trial balance to prepare the (1) statement of owner's equity, and (2) classified balance sheet, for the year ended
Use the following year-end adjusted trial balance to prepare the (1) statement of owner's equity, and (2) classified balance sheet, for the year ended December 31. Adjusted Trial Balance December 31 Cash Accounts receivable Prepaid insurance Supplies Equipment Accumulated depreciation-Equipment Buildings Accumulated depreciation-Buildings Land Salaries payable $ 3,140 490 920 170 5,100 $ 1,190 99,800 28,900 115,900 970 Property taxes payable 1,490 Interest payable 2,290 Unearned revenue 550 Long-term notes payable Owner, Capital 150,900 42,680 Owner, Withdrawals 21,900 Rent revenue 69,300 Salaries expense 29,900 Utilities expense Property taxes expense Insurance expense Supplies expense Depreciation expense-Equipment Depreciation expense-Buildings Interest expense Totals 2,990 2,490 5,890 340 490 5,660 3,090 $ 298,270 $ 298,270 Enter answers in the tabs below.
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