The following data were taken from the Adjusted Trial Balance columns of the end
ID: 2415813 • Letter: T
Question
The following data were taken from the Adjusted Trial Balance columns of the end-of-period spreadsheet for April 30 for Abigail Company: Accounts Amount Accumulated Depreciation $42,400 Prepaid Rent 6,800 Supplies 850 Unearned Fees 7,310 Trucks 49,300 Cash 3,400 Common Stock 2,000 Retained Earnings ? Required: Prepare a classified balance sheet. Be sure to complete the statement heading. Refer to the lists of Accounts in the information given, Labels, and Amount Descriptions for the exact wording of the answer choices for text entries. You will not need to enter colons (:) on the Balance Sheet. Labels April 30 Current assets Current liabilities Property, plant, and equipment Amount Descriptions Total assets Total current assets Total property, plant, and equipment Total liabilities and stockholders' equity
NEED HELP MAKING A BALANCE SHEET
Explanation / Answer
Current Assets
Cash $3,400
Prepaid Rent 6,800
supplies 850
total Current assets 11,050
PP&E
Truck 49,300
less:Accumulated dep 42,400
total PP&E $6,900
total Assets $17,950
Current liabilities
Uneanred fees 7,310
Stockholders Equity 2,000
Retained earnings 8,640 10,640
total liabilties and stockholders equity $17,950
Current Assets
Cash $3,400
Prepaid Rent 6,800
supplies 850
total Current assets 11,050
PP&E
Truck 49,300
less:Accumulated dep 42,400
total PP&E $6,900
total Assets $17,950
Current liabilities
Uneanred fees 7,310
Stockholders Equity 2,000
Retained earnings 8,640 10,640
total liabilties and stockholders equity $17,950
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