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Presented below is the adjusted trial balance of Abbey Corporation at December 31, 2012.
Debits
Credits
Cash
$ ?
Supplies
1,200
Prepaid Insurance
1,000
Equipment
48,000
Accumulated Depreciation-Equipment
$9,000
Trademarks
950
Accounts Payable
10,000
Salaries and Wages Payable
500
Unearned Service Revenue
2,000
Bonds Payable (due 2017)
9,000
Common Stock
Retained Earnings
20,000
Service Revenue
Salaries and Wages Expense
Insurance Expense
1,400
Rent Expense
Interest Expense
900
Total
Additional information:
1. Net loss for the year was $2,500.
2. No dividends were declared during 2012.
Instructions
Prepare a classified balance sheet as of December 31, 2012.
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