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Presented below is the adjusted trial balance of kelly corporation

29/12/2020 Client: saad24vbs Deadline: 6 Hours

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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