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The following is the Frederick Company's adjusted Trial Balance
The following is the Frederick Company's adjusted Trial Balance.
Frederick Company
Adjusted Trial Balance
December 31, 2018
Account Title
Debit
Credit
Cash
$85,150
Accounts Receivable
229,140
Supplies
16,955
Equipment
395,285
Accumulated Depreciation
$221,260
Accounts Payable
74,235
Capital Stock
220,000
Retained Earnings
101,145
Service Revenue
893,105
Interest Income
1,500
Dividends
2,000
Rent Expense
58,500
Wages Expense
527,260
Supplies Expense
42,520
Utilities Expense
8,595
Depreciation Expense
145,840
________
Totals
$1,522,565
$1,522,565
Use this information to prepare the classified Balance Sheet for the fiscal year. There are additional lines in the classified Balance Sheet form to allow for authorized alternate presentations. Hint: you must close out temporary accounts to arrive at adjusted retained earnings balance.
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