Presented below is the adjusted trial balance of Abbey Corporation at December 31, 2015.

Additional information:
1. Net loss for the year was £2,500.
2. No dividends were declared during 2015.
Instructions Prepare a classified statement of financial position as of December 31, 2015.

Transcribed Image Text:

Debit Credit Cash ? Supplies 1,200 Prepaid Insurance 1,000 Equipment 48,000 Accumulated Depreciation-Equipment 9,000 Trademarks 950 Accounts Payable 10,000 Salaries and Wages Payable 500 Unearned Service Revenue 2,000 Bonds Payable (due 2022) 9,000 Share Capital-Ordinary 10,000 Retained Earnings 20,000 Service Revenue 10,000 Salaries and Wages Expense 9,000 Insurance Expense 1,400 Rent Expense 1,200 Interest Expense 900 Total ? ?