Presented below is the adjusted trial balance of Carla Corporation at December 31, 2017. ...
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Accounting
Presented below is the adjusted trial balance of Carla Corporation at December 31, 2017.
| Debit | Credit | ||
| Cash | $ ? | ||
| Supplies | 1,470 | ||
| Prepaid Insurance | 1,270 | ||
| Equipment | 48,270 | ||
| Accumulated Depreciation-Equipment | $ 4,270 | ||
| Trademarks | 1,220 | ||
| Accounts Payable | 10,270 | ||
| Salaries and Wages Payable | 770 | ||
| Unearned Service Revenue | 2,270 | ||
| Bonds Payable (due 2024) | 9,270 | ||
| Common Stock | 10,270 | ||
| Retained Earnings | 25,270 | ||
| Service Revenue | 10,270 | ||
| Salaries and Wages Expense | 9,270 | ||
| Insurance Expense | 1,670 | ||
| Rent Expense | 1,470 | ||
| Interest Expense | 1,170 | ||
| Total | $ ? | $ ? |
Additional information:
| 1. | Net loss for the year was $3,310. | |
| 2. | No dividends were declared during 2017. |
Prepare a classified balance sheet as of December 31, 2017. (List Current Assets in order of liquidity.)
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