Question

Presented below is the adjusted trial balance of Sweet Corporation at December 31, 2020. Debit Credit...

Presented below is the adjusted trial balance of Sweet Corporation at December 31, 2020.

Debit

Credit

Cash

$          ?

Supplies

1,610

Prepaid Insurance

1,410

Equipment

48,410

Accumulated Depreciation-Equipment

$  4,410

Trademarks

1,360

Accounts Payable

10,410

Salaries and Wages Payable

910

Unearned Service Revenue

2,410

Bonds Payable (due 2027)

9,410

Common Stock

10,410

Retained Earnings

25,410

Service Revenue

10,410

Salaries and Wages Expense

9,410

Insurance Expense

1,810

Rent Expense

1,610

Interest Expense

 1,310

    Total

 $          ? $          ?


Additional information:

1. Net loss for the year was $3,730.
2. No dividends were declared during 2020.


Prepare a classified balance sheet as of December 31, 2020.

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