Prepare a classified balance sheet? Presented below is the adjusted trial balance of De Young Corporation at December 31, 2014 Debits Credits Cash ? Office Supplies 2,640 Prepaid Insurance 2,200 Equipment 105,600 Accumulated Depreciation - Equipment 8,800 Trademarks 2,090 Accounts Payable 22,000 Salaries & Wages Payable 1,100 Unearned Service Revenue 4,400 Bonds Payable, Due 2019 19,800 Common Stock 22,000 Retained Earnings 55,000 Service Revenue 22,000 Salaries & Wages Expense 19,800 Insurance Expense 3,080 Rent Expense 2,640 Interest Expense 1,980 Total ? ? Net Loss for the Year was $5,500 No Dividends were declared during 2015 Instructions: Prepare a classified balance sheet as of December 31, 2014
Prepare a classified balance sheet? Presented below is the adjusted trial balance of De Young Corporation at December 31, 2014 Debits Credits Cash ? Office Supplies 2,640 Prepaid Insurance 2,200 Equipment 105,600 Accumulated Depreciation - Equipment 8,800 Trademarks 2,090 Accounts Payable 22,000 Salaries & Wages Payable 1,100 Unearned Service Revenue 4,400 Bonds Payable, Due 2019 19,800 Common Stock 22,000 Retained Earnings 55,000 Service Revenue 22,000 Salaries & Wages Expense 19,800 Insurance Expense 3,080 Rent Expense 2,640 Interest Expense 1,980 Total ? ? Net Loss for the Year was $5,500 No Dividends were declared during 2015 Instructions: Prepare a classified balance sheet as of December 31, 2014
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Prepare a classified
| Presented below is the adjusted |
|||||||
| Debits | Credits | ||||||
| Cash | ? | ||||||
| Office Supplies | 2,640 | ||||||
| Prepaid Insurance | 2,200 | ||||||
| Equipment | 105,600 | ||||||
| 8,800 | |||||||
| Trademarks | 2,090 | ||||||
| Accounts Payable | 22,000 | ||||||
| Salaries & Wages Payable | 1,100 | ||||||
| Unearned Service Revenue | 4,400 | ||||||
| Bonds Payable, Due 2019 | 19,800 | ||||||
| Common Stock | 22,000 | ||||||
| 55,000 | |||||||
| Service Revenue | 22,000 | ||||||
| Salaries & Wages Expense | 19,800 | ||||||
| Insurance Expense | 3,080 | ||||||
| Rent Expense | 2,640 | ||||||
| Interest Expense | 1,980 | ||||||
| Total | ? | ? | |||||
| Net Loss for the Year was $5,500 | |||||||
| No Dividends were declared during 2015 | |||||||
| Instructions: | |||||||
| Prepare a classified balance sheet as of December 31, 2014 |
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