The adjusted trial balance of Cavamanlis Co. as of December 31, 2011 contains the following.
|
Account Titles
|
Dr
|
Cr
|
|
Cash
|
$18,972
|
|
|
Accounts Receivable
|
6,920
|
|
|
Prepaid Rent
|
4,280
|
|
|
Equipment
|
20,050
|
|
|
Accumulated Depreciation
|
|
$5,895
|
|
Notes Payable
|
|
5,700
|
|
Accounts Payable
|
|
4,472
|
|
Common Stock
|
|
20,000
|
|
Retained Earnings
|
|
15,310
|
|
Dividends
|
4,000
|
|
|
Service Revenue
|
|
12,590
|
|
Salaries Expense
|
6,840
|
|
|
Rent Expense
|
2,760
|
|
|
Depreciation Expense
|
145
|
|
|
Interest Expense
|
83
|
|
|
Interest Payable
|
|
83
|
|
$64,050
|
$64,050
|
Instructions:Prepare in good form a balance sheet for the year ended December 31, 2011.