Question: Current Attempt in Progress Presented below is the adjusted trial balance of Splish Corporation at December 31, 2020. Debit Credit Cash $ ? Supplies 1,340

Current Attempt in Progress

Presented below is the adjusted trial balance of Splish Corporation at December 31, 2020.

Debit

Credit

Cash

$ ?

Supplies

1,340

Prepaid Insurance

1,140

Equipment

48,140

Accumulated Depreciation-Equipment

$ 4,140

Trademarks

1,090

Accounts Payable

10,140

Salaries and Wages Payable

640

Unearned Service Revenue

2,140

Bonds Payable (due 2027)

9,140

Common Stock

10,140

Retained Earnings

25,140

Service Revenue

10,140

Salaries and Wages Expense

9,140

Insurance Expense

1,540

Rent Expense

1,340

Interest Expense

1,040

Total

$ ? $ ?

Additional information:

1. Net loss for the year was $2,920.
2. No dividends were declared during 2020.

Prepare a classified balance sheet as of December 31, 2020. (List Current Assets in order of liquidity.)

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