Question: Current Attempt in Progress Presented below is the adjusted trial balance of Kelly Corporation at December 31, 2020. Debit Credit Cash Supplies Prepaid Insurance 1.200

 Current Attempt in Progress Presented below is the adjusted trial balance

Current Attempt in Progress Presented below is the adjusted trial balance of Kelly Corporation at December 31, 2020. Debit Credit Cash Supplies Prepaid Insurance 1.200 1.000 48.000 Equipment Accumulated Depreciation Equipment $4,000 Trademarks 950 Accounts Payable 10,000 Salaries and Wages Payable 500 Unearned Service Revenue 2.000 Bonds Payable (due 2027) 9,000 Common Stock 10,000 25,000 Retained Earnings Service Revenue 10,000 Salaries and Wages Expense Insurance Expense 9.000 1.400 1.200 Rent Expense Interest Expense 900 Total Additional information: 1. Net loss for the year was $2.500. 2. No dividends were declared during 2020. Prepare a classified balance sheet as of December 31, 2020. (List Current Assets in order of liquidity.) KELLY CO Balan

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