The December 31, 2018, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. AccountsDebitCreditCash$10,000Accou nts Receivable130,000Prepaid Rent4,000Supplies20,000Equipment200 ,000Accumulated Depreciation $115,000Accounts Payable 10,000Salaries Payable 9,000Interest Payable 3,000Notes Payable (due in two years) 20,000Common stock 100,000Retained Earnings 40,000Service Revenue 300,000Salaries Expense200,000Rent Expense10,000Depreciation Expense20,000Interest Expense3,000Totals$597000$597,0001. Prepare a statment of stockholder equity for the year ends Desember 31, 2018, assuming no common stock was issued during 2018.2. Prepare a classified blance sheet as of December 31, 2018.
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The December 31, 2018, adjusted trial balance for Fightin' Blue Hens Corporation is presented below....
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