Nofear Inc, provided the following data from the adjusted tr…
Nofear Inc, provided the following data from the adjusted trial balance as of 12/31/19 (unless stated otherwise). Nofear Corporation Adjusted Trial Balance Data December 31, 2019 Accounts Payable $12,000 Accounts Receivable 13,000 Accumulated Depreciation-Equipment 15,000 Common Stock 40,000 Cash 24,000 Copyrights 22,000 Dividends paid 12,000 Equipment (original cost) 100,000 Note Payable (due in 5 years) 40,000 Office Supplies Inventory (12/31/19) 1,000 Prepaid Insurance 3,000 Retained Earnings (1/1/19) 23,000 Wages Payable 2,000 Service Revenue 85,000 Wages Expense 32,000 Depreciation Expense 5,000 Office Supplies Inventory (1/1/19) 2,000 Interest Expense 4,000 Prepare a classified balance sheet at December 31, 2019. (Ignore income taxes).
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