Presented below is the adjusted trial balance of Kelly Corporation at December 31, 2014.
accounting teacher (Not rated)
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E5-11 (Balance Sheet Presentation) Presented below is the adjusted trial balance of Kelly Corporation at December 31, 2014.
Debits | Credits | |
Cash | ?? |
|
Supplies | $1,200 |
|
Prepaid Insurance | 1,000 |
|
Equipment | 48,000 |
|
Accumulated Depreciation - Equipment |
| $4,000 |
Trademarks | 950 |
|
Accounts Payable |
| 10,000 |
Salaries and Wages Payable |
| 500 |
Unearned Service Revenue |
| 2,000 |
Bonds Payable, due 2021 |
| 9,000 |
Common Stock |
| 10,000 |
Retained Earnings |
| 25,000 |
Service Revenue |
| 10,000 |
Salaries and Wages Expense | 9,000 |
|
Insurance Expense | 1,400 |
|
Rent Expense | 1,200 |
|
Interest Expense | 900 |
|
Total | ?? | ?? |
Additional information:
1. Net loss for the year was $2,500
2. No dividends were declared during 2014.
Instructions:
Prepare a classified balance sheet as of December 31, 2014.
11 years ago
Presented below is the adjusted trial balance of Kelly Corporation at December 31, 2014.
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e5-11_kelly_corp.xls
