a. Received $10,300 cash for consulting services rendered. b. Issued 18 additional shares of common stock at a market price of $124 per share. c. Purchased $720 of office equipment, paying 25 percent in cash and owing the rest on a short-term note. d. Received $930 from clients for consulting services to be performed in the next year. e. Bought $550 of supplies on account. f. Incurred and paid $1,920 in utilities for the current year. g. Consulted for clients in the current year for fees totaling $1,700, due from clients in the next year. h. Received $3,260 from clients paying on their accounts. i. Incurred $6,290 in salaries in the current year, paying $5,420 and owing the rest (to be paid next year). j. Purchased $1,310 in short-term investments and paid $840 for insurance coverage beginning in the next fisca k. Received $14 in interest revenue earned in the current year on short-term investments. quired: pare an unadjusted classified income statement for the current year ended December 31. (Ignore income taxes.) te: Enter your answers in thousands, not in dollars.

Definition Definition Financial statement that provides a snapshot of an organization's financial position at a specific point in time. It summarizes a company's assets, liabilities, and shareholder's equity, detailing what the company owns, what it owes, and what is left over for its owners. The balance sheet serves as a crucial tool to assess the financial health and stability of a company, as well as to help management make informed decisions about its future investments and financial obligations.