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Presented below is the adjusted trial balance of Kings Company at December 31, 2017:
Debit Credit
Cash $ ???
Supplies 1610
Prepaid insurance 1410
Equipment 48,410
Acc. Deprec. - Equip. 4410
Trademarks 1 360
Accounts payable 10.410
Salaries and Wages Payable 910
Unearned Service Revenue 2,410
Bonds Payable (due 2024) 9,410
Common Stock 10,410
Retained Earnings 25,410
Service Revenue 10,410
Salaries and Wages Expense 9,410
Insurance Expense 1,810
Rent Expense 1,610
Interest Expense 1,310
Additional info Net loss for the year was $3,730 No dividends were declared during 2017
Problem 1: Prepare a classi?ed balance sheet as of December 31, 2017
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