How to prepare a classified balance sheet?               Adjusted Trial Balance     December 31, 2014               Debit Credit Cash         6,590   Accounts Receivable     15,618   Prepaid Rent       1,200   Equipment       31,800   Accumulated Deprecitaion - Equipment     9,680 Notes Payable         12,500 Accounts Payable         11,601 Common Stock         20,000 Retained Earnings         3,619 Dividends       6,000   Service Revenue         27,600 Salaries & Wages Expense     15,600   Rent Expense       7,800   Depreciation Expense     392   Interest Expense       211   Interest Payable         211           85,211 85,211

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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How to prepare a classified balance sheet?

             
Adjusted Trial Balance    
December 31, 2014    
          Debit Credit
Cash         6,590  
Accounts Receivable     15,618  
Prepaid Rent       1,200  
Equipment       31,800  
Accumulated Deprecitaion - Equipment     9,680
Notes Payable         12,500
Accounts Payable         11,601
Common Stock         20,000
Retained Earnings         3,619
Dividends       6,000  
Service Revenue         27,600
Salaries & Wages Expense     15,600  
Rent Expense       7,800  
Depreciation Expense     392  
Interest Expense       211  
Interest Payable         211
          85,211 85,211
             
             
             
             
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