Prepare a classi?ed balance sheet as of december

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Reference no: EM132657165

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

Reference no: EM132657165

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