28Using the following worksheet, please prepare a classified balance sheet in account form. The data are for the Alcazar Service Co. for the year ended December 31, 2013.
Trial BalanceAdjustmentsAdjusted Trial BalIncome StatementBalance Sheet
Account TitleDr.Cr.Dr.Cr.Dr.Cr.Dr.Cr.Dr.Cr.
Cash$1,700$1,700$1,700
Accounts receivable8,500$2,00010,50010,500
Supplies100$802020
Equipment7,5007,5007,500
Accumulated
depreciation$2,000240$2,240$2,240
Accounts payable1,2001,2001,200
Salary payable800180980980
Unearned revenue600600600
Common stock1,0001,0001,000
Retained earnings2,4002,4002,400
Dividends2,3002,3002,300
Service revenue40,0002,00042,000$42,000
Salary expense24,00018024,180$24,180
Supplies expense2,300802,3802,380
Depreciation expense1,6002401,8401,840
$48,000$48,000$2,500$2,500$50,420$50,420$28,400 $42,000 $22,020 $8,420
13,60013,600
$42,000$42,000$22,020 $22,020
Equipment7,500
Common stock
1,000
Less: Accumulated
depreciation
2,240
5,260
Retained earnings
13,700
Total stockholders’ equity14,700