
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Transcribed Image Text:Prepare an unclassified balance sheet at December 31. (List assets in order of liquidity.)
Cash
Accounts Receivable
Supplies
Prepaid Insurance
Equipment
Less: Accumulated Depreciation-Equipment
Total Assets
MARIGOLD ADVERTISING
Balance Sheet
December 31, 2020
Assets
Liabilities and Stockholders' Equity
$
LA
INON
+A
SA
SA

Transcribed Image Text:Marigold Advertising was founded in January 2013. Presented below are adjusted and unadjusted trial balances as of December 31,
2020.
Cash
Accounts Receivable
Supplies
Prepaid Insurance
Equipment
Accumulated Depreciation-Equipment
Accounts Payable
Interest Payable
Notes Payable
Unearned Service Revenue
Salaries and Wages Payable
Common Stock
MARIGOLD ADVERTISING
TRIAL BALANCE
DECEMBER 31, 2020
Unadjusted
Retained Earnings
Service Revenue
Salaries and Wages Expense
Insurance Expense
Interest Expense
Depreciation Expense
Supplies Expense
Rent Expense
Dr.
$18,810
22,900
8,710
3,730
63,430
11,720
370
4,500
$134,170
Cr.
$30,670
14,467
-0-
4,700
6,590
-0-
10,580
3,750
63,413
$134,170
Dr.
Adjusted
$18,810
26,011
2,795
2,949
63,430
12,961
781
511
4,700
5,915
4,500
$143,363
Cr.
$35,370
14,467
141
4,700
5,142
1,241
10,580
3,750
67,972
$143,363
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