Blessinger Company
Adjusted Trial Balance
December
Debit Credit
Cash $
Accounts receivable
Prepaid rent
Prepaid Insurance
Office supplies
office equipment
Accumulated depreciationEquipment $
Building
Accumulated depreciationBuilding
Land
Accounts payable
Salaries payable
Interest payable
Longterm note payable
P Blessinger, Capital
P Blessinger, Withdrawals
Services revenue
Salaries expense
Insurance expense
Rent expense
Depreciation expense Equipment
Depreciation expense Building
Totals: $ $
Required:
a Prepare a classified yearend balance sheet. Note: A $ installment on the longterm note payable is due within one
year.
b Prepare the required closing entries.
