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The Sky Blue Corporation has the following adjusted trial balance at December 31. Debit Credit   Cash...

The Sky Blue Corporation has the following adjusted trial balance at December 31.
Debit Credit
  Cash $ 1,340
  Accounts Receivable 3,100
  Prepaid Insurance 3,400
  Notes Receivable (long-term) 4,100
  Equipment 17,500
  Accumulated Depreciation $ 4,800
  Accounts Payable 6,520
  Salaries and Wages Payable 1,550
  Income Taxes Payable 4,000
  Unearned Revenue 820
  Common Stock 3,500
  Retained Earnings 1,440
  Dividends 410
  Sales Revenue 51,930
  Rent Revenue 410
  Salaries and Wages Expense 23,800
  Depreciation Expense 2,400
  Utilities Expense 5,320
  Insurance Expense 2,500
  Rent Expense 7,100
  Income Tax Expense 4,000
     Total $ 74,970 $ 74,970

Prepare a classified balance sheet at December 31. (Amounts to be deducted should be indicated by a minus sign.) ?

  

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ekkarill92 answered 1 year ago
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