E5-11 Presented below is the adjusted trial balance of Kelly Corporation at December 31, 2014.

E5-11 (Balance Sheet Presentation) Presented below is
the adjusted trial balance of Kelly Corporation at December 31, 2014.

Debits

Credits

Cash

??

Supplies

$1,200

Prepaid Insurance

1,000

Equipment

48,000

Accumulated Depreciation – Equipment

$4,000

Trademarks

950

Accounts Payable

10,000

Salaries and Wages Payable

500

Unearned Service Revenue

2,000

Bonds Payable, due 2021

9,000

Common Stock

10,000

Retained Earnings

25,000

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 2014.

Instructions:
Prepare a classified balance sheet as of December 31,
2014.

 

 

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