Use the information below to prepare the Balance Sheet as of December 31. ...

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Accounting

Use the information below to prepare the Balance Sheet as of December 31.

Glow Styling
Adjusted Trial Balance
December 31

Account Title Debit Credit
Cash $4,200.00
Rent Receivable $200.00
Prepaid Insurance($1480-$1240) $240.00
Shop Supplies(Given) $210.00
Shop Equipment $3,860.00
Building $57,500.00
Land $55,000.00
Accumulated Depreciation-Shop Equipment($770+$350) $1,120.00
Accumulated Depreciation-Building($3840+$2220) $6,060.00
Wages Payable($50*4) $200.00
Property Taxes Payable(given) $450.00
Interest Payable(given) $600.00
Unearned Rent($1600-$800) $800.00
Long Term Note Payable $50,000.00
G.Capital $49,860.00
Rent Earned($2400+$200+$800) $3,400.00
Fees Earned $23,400.00
Wages Expense($3200+$200) $3,400.00
Utilities Expense $690.00
Property Taxes Expense($600+$450) $1,050.00
Insurance Expense $1,240.00
Shop Supplies Expense($990-$210) $780.00
Depreciation Expense-Shop Equipment(Given) $350.00
Depreciation Expense-Building(Given) $2,220.00
Interest Expense($4350+$600) $4,950.00
Total $ 1,35,890.00 $ 1,35,890.00

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