Question: Requirement: Create a classified balance sheet using the information below: Quiz Corporation Adjusted Trial Balance As of December 31, 2021 Account Debit Credit Cash $25,952

Requirement: Create a classified balance sheet using the information below: Quiz Corporation Adjusted Trial Balance As of December 31, 2021 Account Debit Credit Cash $25,952 Accounts Receivable 9,767 Prepaid Expenses 1,500 Inventory 36,000 Equipment 22,000 Accumulated Depreciation-Equipment $15,000 Patent 6,000 Accounts Payable 4,100 Wages Payable 496 Current Portion of Long Term Debt 1,175 Bonds Payable (Due 2030) 8,000 Long Term Notes Payable 6,000 Common Stock 19,000 Preferred Stock 10,500 Retained Eamings 14,704 Client Sales 46,000 Advertising Expense 4,856 Insurance Expense 5,800 Wages Expense 12,200 Interest Expense 900 Total $124,975 $124,975

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