Question: Use adjusted trial balance (table on the right) to create a balance sheet for Hollister Electric Inc. (I WILL UPVOTE YOUR ANSWER 110%)Thank you!!!! Hollister

Use adjusted trial balance (table on the right) to create a balance sheet for Hollister Electric Inc. (I WILL UPVOTE YOUR ANSWER 110%)Thank you!!!!

Use adjusted trial balance (table on the right) to create a balance

Hollister Electric Inc. Hollister Electric Inc. Balance Sheet Adjusted Trial Balance As at December 31, 2021 December 31, 2021 Account Title Debit Credit Cash $15,058 Accounts Receivable $48,692 Interest Receivable $4,285 Prepaid Insurance $18,500 Short-Term Investment - Daenerys Inc. $50,000 Short-Term Investments - Bonds $28,600 Valuation Allowance for Fair Value Adjustment Inventory $124,000 Investment in Gregor Inc. Common shares $275,700 Long-Term Investment - Bond $160,000 Discount on Bonds Property, Plant & Equipment $255,000 Accumulated Depreciation $65,000 Accounts Payable $71,000 Interest Payable $12,855 Unearned Revenue $6,600 Premium on Bonds $12,855 Bonds Payable Bank Loan $45,000 Common Shares $87,500 Preferred Shares $20,000 Retained Earnings $106,200 Interest Revenue $4 285 Revenue from Investment in Gregor Inc. $143,500 Unrealized Gain on Fair Value Adjustment $7,500 Income Tax Savings - Discontinued Operations Sales Revenue $740,000 Sales Discounts $9,500 Sales Returns and Allowances $12,100 Cost of Goods Sold $333,000 Depreciation Expense $35,000 Insurance Expense $4,100 Interest Expense $13,646 Loss from Discontinued Operations $16,800 Maintenance Expense $15,200 Professional Fees Expense $7 500 or choose Paste 12 4 3 APR tv 15 W X

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