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prepare a classified balance sheet Prepare a classified balance sheet in report form based on the adjusted trial balance for the Wood Productions on December 31, 2023 Cash Accounts receivable Prepaid rent Prepaid insurance supplies and Wood Productions Adjusted Trial Balance December 31, 2023 Building Accumulated amort.-building Equipment Accumulated amort.-equipment Accounts payable alary payable nterest payable Mortgage payable due 12/31/2028) ennifer Wood, Capital ennifer Wood, Withdrawals service revenue alary expense nsurance expense Rent expense Utilities expense Advertising expense Amortization expense-building Amortization expense-equinment Debit $2,000 9,000 5,000 2,500 3,200 30,000 50,000 35,000 10,000 28,000 5,000 12,000 15,000 9,000 10,000 7.000 Credit $10,000 7,000 8,000 3,000 1,000 40,000 84,900 80,000

prepare a classified balance sheet Prepare a classified balance sheet in report form based on the adjusted trial balance for the Wood Productions on December 31, 2023 Cash Accounts receivable Prepaid rent Prepaid insurance supplies and Wood Productions Adjusted Trial Balance December 31, 2023 Building Accumulated amort.-building Equipment Accumulated amort.-equipment Accounts payable alary payable nterest payable Mortgage payable due 12/31/2028) ennifer Wood, Capital ennifer Wood, Withdrawals service revenue alary expense nsurance expense Rent expense Utilities expense Advertising expense Amortization expense-building Amortization expense-equinment Debit $2,000 9,000 5,000 2,500 3,200 30,000 50,000 35,000 10,000 28,000 5,000 12,000 15,000 9,000 10,000 7.000 Credit $10,000 7,000 8,000 3,000 1,000 40,000 84,900 80,000

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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prepare a classified balance sheet 2. Prepare a classified balance sheet in report form based on the adjusted trial balance for the Wood Productions on December 31, 2023 Cash Accounts receivable Prepaid rent Prepaid insurance Supplies Land Building Accumulated amort.-building Equipment Accumulated amort.-equipment Accounts payable Wood Productions Adjusted Trial Balance December 31, 2023 Salary payable Interest payable Mortgage payable (due 12/31/2028) Jennifer Wood, Capital Jennifer Wood, Withdrawals Service revenue Salary expense Insurance expense Rent expense Utilities expense Advertising expense Amortization expense-building Amortization expense-equipment Supplies expense Total Debit $2,000 9,000 5,000 2,500 3,200 30,000 50,000 35,000 10,000 28,000 5,000 12,000 15,000 9,000 10,000 7,000 1.200 $233,900 Credit $10,000 7,000 8,000 3,000 1,000 40,000 84,900 80,000 $233,900
Transcribed Image Text:prepare a classified balance sheet 2. Prepare a classified balance sheet in report form based on the adjusted trial balance for the Wood Productions on December 31, 2023 Cash Accounts receivable Prepaid rent Prepaid insurance Supplies Land Building Accumulated amort.-building Equipment Accumulated amort.-equipment Accounts payable Wood Productions Adjusted Trial Balance December 31, 2023 Salary payable Interest payable Mortgage payable (due 12/31/2028) Jennifer Wood, Capital Jennifer Wood, Withdrawals Service revenue Salary expense Insurance expense Rent expense Utilities expense Advertising expense Amortization expense-building Amortization expense-equipment Supplies expense Total Debit $2,000 9,000 5,000 2,500 3,200 30,000 50,000 35,000 10,000 28,000 5,000 12,000 15,000 9,000 10,000 7,000 1.200 $233,900 Credit $10,000 7,000 8,000 3,000 1,000 40,000 84,900 80,000 $233,900
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