PA12. LO 5.3 Use the following Adjusted Trial Balance to prepare a classified Balance Sheet: Adjusted Trial Balance Debit Credit Cash $16,500 17,200 2,200 Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable 2,100 14,000 $14,200 Unearned Fee Revenue 4,300 Common Stock 30,000 Service Fee Revenue 21,500 Salaries Expense Rent Expense 12,000 6,000 $70,000 $70,000

Contemporary Auditing
11th Edition
ISBN:9781337650380
Author:KNAPP
Publisher:KNAPP
Chapter5: Ethical Responsibilities Of Independent Auditors
Section5.6: Richard Grimes, Staff Accountant
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PA12. LO 5.3 Use the following Adjusted Trial Balance to prepare a classified Balance Sheet:
Adjusted Trial Balance
Debit
Credit
$16,500
17,200
2,200
Cash
Accounts Receivable
Supplies
Prepaid Insurance
Equipment
Accounts Payable
2,100
14,000
$14,200
Unearned Fee Revenue
4,300
Common Stock
30,000
Service Fee Revenue
21,500
Salaries Expense
Rent Expense
12,000
6,000
$70,000
$70,000
Transcribed Image Text:PA12. LO 5.3 Use the following Adjusted Trial Balance to prepare a classified Balance Sheet: Adjusted Trial Balance Debit Credit $16,500 17,200 2,200 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable 2,100 14,000 $14,200 Unearned Fee Revenue 4,300 Common Stock 30,000 Service Fee Revenue 21,500 Salaries Expense Rent Expense 12,000 6,000 $70,000 $70,000
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