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The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented below.   ...

The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented below.
  

Accounts Debit Credit
Cash $ 11,000
Accounts Receivable 140,000
Prepaid Rent 5,000
Supplies 25,000
Equipment 300,000
Accumulated Depreciation $ 125,000
Accounts Payable 11,000
Salaries Payable 10,000
Interest Payable 4,000
Notes Payable (due in two years) 30,000
Common Stock 200,000
Retained Earnings 50,000
Service Revenue 400,000
Salaries Expense 300,000
Rent Expense 15,000
Depreciation Expense 30,000
Interest Expense 4,000
Totals $ 830,000 $ 830,000

3. Prepare a classified balance sheet as of December 31, 2021. (Amounts to be deducted should be indicated by a minus sign.)
  

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ekkarill92 answered 3 months ago
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