The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Credit...
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The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Credit Debit $ 11,100 141,e00 5,100 Accounts Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation 25,500 310, eee $126, 000 Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings 11,100 10,1ee 4,180 31,eee 210, e00 51,000 Service Revenue 418, e00 Salaries Expense 310, e00 Rent Expense Depreciation Expense Interest Expense 15,500 31, eee 4,100 $853,300 $853, 300 Totals 3. Prepare a classified balance sheet as of December 31, 2021. (Amounts to be deducted should be Indicated by a minus sign.) FIGHTIN' BLUE HENS CORPORATION Balance Sheet December 31, 2021 Assets Liabilities Current assets: Current liabilities: Total current assets Total current liabilities Total liabilities Long-term assets: Stockholders' Equity Total long-term assets Total stockholders' equity Total assets O Total liabilities and stockholders' equity The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Credit Debit $ 11,100 141,e00 5,100 Accounts Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation 25,500 310, eee $126, 000 Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings 11,100 10,1ee 4,180 31,eee 210, e00 51,000 Service Revenue 418, e00 Salaries Expense 310, e00 Rent Expense Depreciation Expense Interest Expense 15,500 31, eee 4,100 $853,300 $853, 300 Totals 3. Prepare a classified balance sheet as of December 31, 2021. (Amounts to be deducted should be Indicated by a minus sign.) FIGHTIN' BLUE HENS CORPORATION Balance Sheet December 31, 2021 Assets Liabilities Current assets: Current liabilities: Total current assets Total current liabilities Total liabilities Long-term assets: Stockholders' Equity Total long-term assets Total stockholders' equity Total assets O Total liabilities and stockholders' equity
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C D E 876 FIGHTIN BLUE HENS CORPORATION 877 Balance Sheet 878 31Dec21 879 A... View the full answer
Related Book For
Accounting Principles Volume 1
ISBN: 978-1119502425
8th Canadian Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
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