Graystone Inc Adjusted Trial Balance December 31, 2020 Account Title Debit Credit Cash 35,250 Supplies Prepaid Rent Accounts Receivable 320 22,000 18,100 Equipment Accumul.Dep-Equipment Accounts...

Prepare the Classified Statement of Financial Positionand calculate ROA.

Graystone Inc<br>Adjusted Trial Balance<br>December 31, 2020<br>Account Title<br>Debit<br>Credit<br>Cash<br>35,250<br>Supplies<br>Prepaid Rent<br>Accounts Receivable<br>320<br>22,000<br>18,100<br>Equipment<br>Accumul.Dep-Equipment<br>Accounts Payable<br>Unearned Service Revenue<br>Salaries Payable<br>Interest Payable<br>Notes Payable (2030)<br>Share Capital-ordinary<br>Dividends<br>14,000<br>60<br>9,890<br>4,250<br>4,800<br>500<br>10,000<br>48,000<br>5,500<br>Service Revenue<br>25,150<br>3,200<br>Rent Revenue<br>Salaries Expense<br>Supplies Expense<br>Rent Expense<br>Interest Expense<br>Utilities Expense<br>Depreciation Exp.-Equipment<br>4,800<br>2,180<br>2,000<br>500<br>1,140<br>60<br>Total<br>105,850<br>105,850<br>

Extracted text: Graystone Inc Adjusted Trial Balance December 31, 2020 Account Title Debit Credit Cash 35,250 Supplies Prepaid Rent Accounts Receivable 320 22,000 18,100 Equipment Accumul.Dep-Equipment Accounts Payable Unearned Service Revenue Salaries Payable Interest Payable Notes Payable (2030) Share Capital-ordinary Dividends 14,000 60 9,890 4,250 4,800 500 10,000 48,000 5,500 Service Revenue 25,150 3,200 Rent Revenue Salaries Expense Supplies Expense Rent Expense Interest Expense Utilities Expense Depreciation Exp.-Equipment 4,800 2,180 2,000 500 1,140 60 Total 105,850 105,850

Jun 11, 2022

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Graystone Inc Adjusted Trial Balance December 31, 2020 Account Title Debit Credit Cash 35,250 Supplies Prepaid Rent Accounts Receivable 320 22,000 18,100 Equipment Accumul.Dep-Equipment Accounts...

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