E-5-11 (LO 2) Balance Sheet Preparation 2 Presented below is the adjusted trial balance of...
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E-5-11 (LO 2) Balance Sheet Preparation 2 Presented below is the adjusted trial balance of Kelly Corporation at December 31, 2020. 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 Cash Supplies Prepaid Insurance Accounts Payable Salaries and Wages Payable Unearned Service Revenue Bonds Payable (due 2027) Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Insurance Expense B Equipment Accumulated Depreciation - Equipment Trademarks Rent Expense Interest Expense Total Kelly Corporation Trial Balance December 31, 2020 27 28 29 30 31 32 Instructions: 33 Prepare a classified balance sheet as of December 31, 2020. 34 35 Calculation of cash balance: 36 37 38 39 40 41 42 43 44 Additional information: 1. Net loss for the year was $2,500. 2. No dividends were declared during 2020. + $ C Debit ? 1,200 1,000 48,000 950 9,000 1,400 1,200 900 ? $ D Credit 4,000 10,000 500 2,000 9,000 10,000 25,000 10,000 ? E FI G H 
Presented below is the adjusted trial balance of Kelly Corporation at December 31, 2020. Presented below is the adjusted trial balance of Kelly Corporation at December 31, 2020
E-5-11 (LO 2) Balance Sheet Preparation 2 Presented below is the adjusted trial balance of Kelly Corporation at December 31, 2020. 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 Cash Supplies Prepaid Insurance Accounts Payable Salaries and Wages Payable Unearned Service Revenue Bonds Payable (due 2027) Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Insurance Expense B Equipment Accumulated Depreciation - Equipment Trademarks Rent Expense Interest Expense Total Kelly Corporation Trial Balance December 31, 2020 27 28 29 30 31 32 Instructions: 33 Prepare a classified balance sheet as of December 31, 2020. 34 35 Calculation of cash balance: 36 37 38 39 40 41 42 43 44 Additional information: 1. Net loss for the year was $2,500. 2. No dividends were declared during 2020. + $ C Debit ? 1,200 1,000 48,000 950 9,000 1,400 1,200 900 ? $ D Credit 4,000 10,000 500 2,000 9,000 10,000 25,000 10,000 ? E FI G H
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