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Problem- Chapter 5 (Understanding Balance Sheet) Presented below is the adjusted trial balance of Kelly Corporation at December 31,2014. No dividends were declared during 2014. Prepare a classified balance sheet as of December 31, 2014. Debit Credit Cash $ ? Supplies 1,200 Prepaid Insurance 1,000 Equipment 48,000 Accumulated Depreciation-Equipment $ 4,000 Trademarks 950 Accounts Payable 10,000 Salaries and Wages Payable 500 Unearned Service Revenue 2,000 Bonds Payable (due 2024) 9,000 Common Stock 10,000 Retained Earnings 25,000 Service Revenue 10,000 Salaries and Wages Expense 9,000 Insurance Expense 1400 Rent Expense 1,200 Interest Expense 900 Total