Prepare an unclassified balance sheet at December 31. (List assets in order of liquidity.)CashAccounts ReceivableSuppliesPrepaid InsuranceEquipmentLess: Accumulated Depreciation-EquipmentTotal AssetsMARIGOLD ADVERTISINGBalance SheetDecember 31, 2020AssetsLiabilities and Stockholders' Equity$LAINON+ASASA Marigold Advertising was founded in January 2013. Presented below are adjusted and unadjusted trial balances as of December 31,2020.CashAccounts ReceivableSuppliesPrepaid InsuranceEquipmentAccumulated Depreciation-EquipmentAccounts PayableInterest PayableNotes PayableUnearned Service RevenueSalaries and Wages PayableCommon StockMARIGOLD ADVERTISINGTRIAL BALANCEDECEMBER 31, 2020UnadjustedRetained EarningsService RevenueSalaries and Wages ExpenseInsurance ExpenseInterest ExpenseDepreciation ExpenseSupplies ExpenseRent ExpenseDr.$18,81022,9008,7103,73063,43011,7203704,500$134,170Cr.$30,67014,467-0-4,7006,590-0-10,5803,75063,413$134,170Dr.Adjusted$18,81026,0112,7952,94963,43012,9617815114,7005,9154,500$143,363Cr.$35,37014,4671414,7005,1421,24110,5803,75067,972$143,363

Introduction: Balance sheet is a statement of affairs on a particular date for any business…

Prepare an unclassified balance sheet at December 31. (List assets in order of liquidity.) Cash Accounts Receivable Supplies Prepaid Insurance Equipment Less : Accumulated Depreciation-Equipment Total Assets MARIGOLD ADVERTISING Balance Sheet December 31, 2020 Assets Liabilities and Stockholders' Equity SA

Prepare an unclassified balance sheet at December 31. (List assets in order of liquidity.) Cash Accounts Receivable Supplies Prepaid Insurance Equipment Less : Accumulated Depreciation-Equipment Total Assets MARIGOLD ADVERTISING Balance Sheet December 31, 2020 Assets Liabilities and Stockholders' Equity SA

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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