E5-11 (balance sheet presentation) presented below is the adjusted
E5-11 (Balance Sheet Presentation) Presented below is the adjusted trial balance of Kelly Corporation at December 31, 2014.
|
Debits |
Credits |
|
|
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 2021 |
|
9,000 |
|
Common Stock |
|
10,000 |
|
Retained Earnings |
|
25,000 |
|
Service Revenue |
|
10,000 |
|
Salaries and Wages Expense |
9,000 |
|
|
Insurance Expense |
1,400 |
|
|
Rent Expense |
1,200 |
|
|
Interest Expense |
900 |
|
|
Total |
?? |
?? |
Instructions:
Prepare a classified balance sheet as of December 31, 2014.
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