Current Attempt in Progress Presented below is the adjusted trial balance of Blue...
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Accounting
Current Attempt in Progress Presented below is the adjusted trial balance of Blue Corporation at December 31, 2020. Debit Credit Cash ? 1,640 1,440 48,440 $ 4,440 Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Trademarks Accounts Payable Salaries and Wages Payable Unearned Service Revenue 1,390 10,440 940 2.440 9,440 10,440 25,440 Bonds Payable (due 2027) Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Insurance Expense 10,440 9,440 1,840 Rent Expense 1,640 Interest Expense 1,340 Total $ ? $ ? Additional information: 1. Net loss for the year was $3,820. No dividends were declared during 2020. 2. Prepare a classified balance sheet as of December 31, 2020. (List Current Assets in order of liquidity.) Prepare a classified balance sheet as of December 31, 2020. (List Current Assets in order of liquidity) BLUE CORPORATION Balance Sheet Assets $ Liabilities and Stockholders' Equity
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