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Adjusted Trial Balance Debit $16,500 17,200 2,200 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Unearned Fee Revenue Common Stock Service Fee Revenue Salaries Expense Rent Expense 2,100 14,000 12,000 6,000 $70,000 Credit $14,200 4,300 30,000 21,500 $70,000

Adjusted Trial Balance Debit $16,500 17,200 2,200 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Unearned Fee Revenue Common Stock Service Fee Revenue Salaries Expense Rent Expense 2,100 14,000 12,000 6,000 $70,000 Credit $14,200 4,300 30,000 21,500 $70,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Need to create a Classified Balance Sheet from the following:

Adjusted Trial Balance Debit $16,500 17,200 2,200 2,100 14,000 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Unearned Fee Revenue Common Stock Service Fee Revenue Salaries Expense Rent Expense 12,000 6,000 $70,000 Credit $14,200 4,300 30,000 21,500 $70,000
Transcribed Image Text:Adjusted Trial Balance Debit $16,500 17,200 2,200 2,100 14,000 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Unearned Fee Revenue Common Stock Service Fee Revenue Salaries Expense Rent Expense 12,000 6,000 $70,000 Credit $14,200 4,300 30,000 21,500 $70,000
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