The Following Data Were Taken from the Adjusted Trial Balance
Question 89
Question 89
Essay
The following data were taken from the adjusted trial balance of Kent Corporation. Kent Corporation Adjusted Trial Balance Data December 31,2011 Accounts Payable Accounts Receivable Accumulated Depreciation-Building Accumulated Depreciation-Furniture & Fixtures Building Capital Stock Cash Copyrights Dividends Declared Furniture & Fixtures Land Note Payable (10%, due in 5 years) Office Supplies Prepaid Insurance Retained Earnings (January 1, 2011) Salaries Payable Service Revenue Salaries Expense Utilities Expense Depreciation Expense Insurance Expense Office Supplies Expense Interest Expense $12,00013,0006,0009,00060,00040,00024,00022,00012,00015,00025,00040,0001,0003,00023,0002,00085,00028,0002,0005,0002,0001,0004,000 Required: Prepare a classified balance sheet in good form at December 31,2011.(Ignore income taxes).
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Kent Corporation Classified Balance Shee...
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