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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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