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
|
|
10,000
|
|
Retained Earnings
|
|
20,000
|
|
Service Revenue
|
|
10,000
|
|
Salaries and Wages Expense
|
9,000
|
|
|
Insurance Expense
|
1,400
|
|
|
Rent Expense
|
1,200
|
|
|
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.