WeatSubject: accounting The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented below.CashAccounts ReceivablePrepaid RentSuppliesEquipmentAccumulated DepreciationAccounts Payablesalaries PayableInterest PayableNotes Payable (due in two years)Common StockAccountsRetained EarningsService Revenuesalaries ExpenseRent ExpenseDepreciation ExpenseInterest ExpenseTotalsCurrent assets:Total current assetsLong-term assets:Total long-term assetsTotal assets$AssetsDebit12,000150,0006,00030,000400,000400,00020,00040,0005,000$1,063,0003. Prepare a classified balance sheet as of December 31, 2021. (Amounts to be deducted should be Indicated by a minus sign.)Credit$ 135,00012,00011,0005,00040,000300,00060,000500,000$1,063,000FIGHTIN' BLUE HENS CORPORATIONBalance SheetDecember 31, 2021Current liabilities:Total current liabilitiesTotal liabilitiesLiabilitiesStockholders' EquityTotal stockholders' equityTotal liabilities and stockholders' equity

Name: WeatSubject: accounting The December 31, 2021, adjusted trial balance
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Description: WeatSubject: accounting The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented below.CashAccounts ReceivablePrepaid RentSuppliesEquipmentAccumulated DepreciationAccounts Payablesalaries PayableInterest PayableNo

The income statement is prepared to record revenue and expense of the current period. The net income…

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The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Accounts Debit $ 12,000 150,000 6,000 30,000 400,000 Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Depreciation Expense Interest Expense Totals want spesia 400,000 20,000 40,000 5,000 $1,063,000 Assets Credit $ 135,000 12,000 11,000 5,000 40,000 300,000 60,000 500,000 Prepare a classified balance sheet as of December 31, 2021. (Amounts to be deducted should be Indicated by a minus sign.) $1,063,000 FIGHTIN' BLUE HENS CORPORATION Balance Sheet December 31, 2021 Curent liabilities Liabilities

The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Accounts Debit $ 12,000 150,000 6,000 30,000 400,000 Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Depreciation Expense Interest Expense Totals want spesia 400,000 20,000 40,000 5,000 $1,063,000 Assets Credit $ 135,000 12,000 11,000 5,000 40,000 300,000 60,000 500,000 Prepare a classified balance sheet as of December 31, 2021. (Amounts to be deducted should be Indicated by a minus sign.) $1,063,000 FIGHTIN' BLUE HENS CORPORATION Balance Sheet December 31, 2021 Curent liabilities Liabilities

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 9PA: Noren Company uses the balance sheet aging method to account for uncollectible debt on receivables....

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