PA12. LO 5.3 Use the following Adjusted Trial Balance to prepare a classified Balance Sheet: Adjusted Trial Balance Debit Credit Cash $16,500 17,200 2,200 Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable 2,100 14,000 $14,200 Unearned Fee Revenue 4,300 Common Stock 30,000 Service Fee Revenue 21,500 Salaries Expense Rent Expense 12,000 6,000 $70,000 $70,000

PA12. LO 5.3 Use the following Adjusted Trial Balance to prepare a classified Balance Sheet: Adjusted Trial Balance Debit Credit Cash $16,500 17,200 2,200 Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable 2,100 14,000 $14,200 Unearned Fee Revenue 4,300 Common Stock 30,000 Service Fee Revenue 21,500 Salaries Expense Rent Expense 12,000 6,000 $70,000 $70,000

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter14: Decentralized Operations

Section: Chapter Questions

Problem 14.3E

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Prepare a classified balance sheet in proper form.