Presented below is the adjusted trial balance of Indigo Corporation at December 31, 2020. Debit Credit Cash $ ? Supplies 1,300 Prepaid Insurance 1,100 Equipment 48,100 Accumulated Depreciation-Equipment $ 4,100 Trademarks 1,050 Accounts Payable 10,100 Salaries and Wages Payable 600 Unearned Service Revenue 2,100 Bonds Payable (due 2027) 9,100 Common Stock 10,100 Retained Earnings

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Retained earnings  $25100, service revenue $10100, salaries and wages expense $9100, Insurance expense $1500, Rent expense $1300, interest expense $1000. additional information : 1) net loss for the year $2800, 2) No dividend were declared during 2020

Prepare a classified balance sheet as of December 31 2020

Explanation:

Attached below is the required classified balance sheet of Indigo corporation at December 31 2020

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Explanation:

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