Question: Presented below is the adjusted trial balance of Kelly Corporation at December 31, 2008. Additional information: 1. Net loss for the year was $2,500. 2.
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Additional information:
1. Net loss for the year was $2,500.
2. No dividends were declared during 2008.
Instructions
Prepare a classified balance sheet as of December 31,2008.
1,200 1,000 Office Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Trademarks Accounts Payable Wages Payable Unearned Service Revenue Bonds Payable, due 2015 Common Stock Retained Earnings Service Revenue Wages Expense Insurance Expense Rent Expense Interest Expense a,m $ 4,000 950 10,000 500 2,000 9,000 10,000 25,000 10,000 9,000 1.400 1,200 900 Total S ?
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Kelly Corporation Balance Sheet December 31 2008 Assets Current assets ... View full answer

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