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what is it missing ? Im confused as to why its incomplete Catena's Marketing Company has the following adjusted trial balance at the end of
what is it missing ? Im confused as to why its incomplete
Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $600 were declared at the end of the year, and 530 additional shares of common stock ($0.10 par value per share) were issued at the end of the year for $2,120 in cash (for a total at the end of the year of 830 shares). These effects are included below: Catena's Marketing Company Adjusted Trial Balance End of the current Year Debit Credit Cash $ 1,620 Accounts receivable 2,260 Interest receivable 150 Prepaid insurance 1,750 Long-term notes receivable 2,920 Equipment 16,600 Accumulated depreciation $ 2,900 Accounts payable 2,300 Dividends payable 600 Accrued expenses payable 3,810 Income taxes payable 2,520 Unearned rent revenue 490 Common Stock (830 shares) 83 Additional paid-in capital 3,437 Retained earnings 5, 460 Sales revenue 36,750 Interest revenue 180 Rent revenue 560 Wages expense 18, 200 Depreciation expense 1,760 Utilities expense 390 Insurance expense 730 Rent expense 9,990 Income tax expense 2,720 Total $ 59,090 $ 59,090 $50,00 Prepare a classified balance sheet for the end of the current year. X Answer is not complete. CATENA'S MARKETING COMPANY Balance Sheet Assets $ 2,260 Current assets: Accounts receivable Interest receivable Prepaid insurance 150 1,750 1,620 Cash 5,780 Total current assets Notes receivable Equipment (net of accumulated depreciation) 13,700 Total assets $ 19,480 Liabilities $ 600 3,810 Current liabilities: Dividends payable Accrued expenses payable Income taxes payable Unearned rent revenue Accounts payable OOOOOO 2,520 490 2,300 9,720 Total current liabilities Stockholders' equity Common stock Additional paid-in capital Retained earnings 83 3,437 9,160 Total stockholders' equity Total liabilities and stockholders' equity 12,680 22,400 $Step by Step Solution
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