Business, 18.03.2021 01:10 plumagirl

The December 31, 2018, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Accounts Debit Credit
Cash $10,400
Accounts Receivable 134,000
Prepaid Rent 4,400
Supplies 22,000
Equipment 240,000
Accumulated Depreciation $119,000
Accounts Payable 10,400
Salaries Payable 9,400
Interest Payable 3,400
Notes Payable (due in two years) 24,000
Common Stock 140,000
Retained Earnings 44,000
Service Revenue 340,000
Salaries Expense 240,000
Rent Expense 12,000
Depreciation Expense 24,000
Interest Expense 3,400
Totals $690,200 $690,200

Required:
Prepare a classified balance sheet as of December 31, 2018.

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The December 31, 2018, adjusted trial balance for Fightin' Blue Hens Corporation is presented below....

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