5.11. Presented below is the adjusted trial balance of a company at Dec. 31, 2019. Cash Supplies Prepaid Insurance Equipment Accumulated depreciation - equi pment Trademarks Account Payable Salaries and Wages payable Unearned service revenue bonds payable (due 2022) Share capital-ordinary retained earnings service revenue salaries and Wages expense insurance expense rent expense interest expense Total Debit ? 1,200 1,000 48,000 ? 950 9,000 1,400 1,200 900 Credit Additional info: Net loss for the year was $2,500. No dividends were declared during 2019. Instruction: Prepare a classified statement of financial position as of Dec 31, 2019. ? 9,000 10,000 500 2,000 9,000 10,000 20,000 10,000
5.11. Presented below is the adjusted trial balance of a company at Dec. 31, 2019. Cash Supplies Prepaid Insurance Equipment Accumulated depreciation - equi pment Trademarks Account Payable Salaries and Wages payable Unearned service revenue bonds payable (due 2022) Share capital-ordinary retained earnings service revenue salaries and Wages expense insurance expense rent expense interest expense Total Debit ? 1,200 1,000 48,000 ? 950 9,000 1,400 1,200 900 Credit Additional info: Net loss for the year was $2,500. No dividends were declared during 2019. Instruction: Prepare a classified statement of financial position as of Dec 31, 2019. ? 9,000 10,000 500 2,000 9,000 10,000 20,000 10,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:5.11. Presented below is the adjusted trial balance of a company at Dec. 31, 2019.
Cash
Supplies
Prepaid Insurance
Equipment
Accumulated depreciation - equi
pment
Trademarks
Account Payable
Salaries and Wages payable
Unearned service revenue
bonds payable (due 2022)
Share capital-ordinary
retained earnings
service revenue
salaries and Wages expense
insurance expense
rent expense
interest expense
Total
Debit
?
?
1,200
1,000
48,000
950
9,000
1,400
1,200
900
Credit
Additional info:
Net loss for the year was $2,500.
No dividends were declared during 2019.
Instruction: Prepare a classified statement of financial position as of Dec 31, 2019.
?
9,000
10,000
500
2,000
9,000
10,000
20,000
10,000
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