Reference no: EM131929261
Problem - The unadjusted trial balance for Beta Industries, Inc., is given below.
Beta Industries, Inc. Unadjusted Trial Balance December 31, 2009
Debit Credit
Cash $ 35,300
Accounts receivable 16,000
Supplies 1,500
Prepaid insurance 5,000
Equipment 20,000
Accumulated depreciation-Equipment $ 3,200
Accounts payable 11,000
Unearned service revenue 9,800
Common stock 27,000
Retained earnings 17,000
Dividends............................................ 1,000
Service revenue 24,600
Salary expense 8,200
Wages expense.................................. 800
Rent expense....................................... 3,600
Advertising expense 1,200 ______
Total $ 92,600 $ 92,600
Additional information:
• Supplies used during the current year amount to $700.
• Prepaid insurance on hand on December 31, 2009, amount to $800.
• Depreciation for the current year amount to $2,000.
• Unearned service revenue earned during the year amount to $3,500.
• Accrued salaries on December 31, 2009, amount to $500.
Based on the unadjusted trial balance and the additional date, prepare a balance sheet for Beta Industries, Inc., dated December 31, 2009.
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