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Presented below is the adjusted trial balance of Pronghorn Corporation at December 31, 2025. Cash Supplies Prepaid Insurance Equipment Accumulated Depreciation Equipment Trademarks Accounts Payable Salaries and Wages Payable Unearned Service Revenue Bonds Payable (due 2032) Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Insurance Expense Rent Expense Interest Expense Total Debit 1,510 1,310 48,310 1.260 9,310 1,710 1,510 1.210 Additional information: 1. Net loss for the year was $3,430. 2. No dividends were declared during 2025. Credit $ 4,310 10,310 810 2,310 9,310 10,310 25,310 10,310 Prepare a classified balance sheet as of December 31, 2025. (List Current Assets in order of liquidity. Enter account name only and do not provide the descriptive information provided in the question)

Presented below is the adjusted trial balance of Pronghorn Corporation at December 31, 2025. Cash Supplies Prepaid Insurance Equipment Accumulated Depreciation Equipment Trademarks Accounts Payable Salaries and Wages Payable Unearned Service Revenue Bonds Payable (due 2032) Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Insurance Expense Rent Expense Interest Expense Total Debit 1,510 1,310 48,310 1.260 9,310 1,710 1,510 1.210 Additional information: 1. Net loss for the year was $3,430. 2. No dividends were declared during 2025. Credit $ 4,310 10,310 810 2,310 9,310 10,310 25,310 10,310 Prepare a classified balance sheet as of December 31, 2025. (List Current Assets in order of liquidity. Enter account name only and do not provide the descriptive information provided in the question)

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Prepare a classified balance sheet as of December 31, 2025. (List Current Assets in order of liquidity. Enter account name only and do not provide the descriptive information provided in the question.) Pronghorn Corporation Balance Sheet Assets $ Liabilities and stockholders' Equity $
Transcribed Image Text:Prepare a classified balance sheet as of December 31, 2025. (List Current Assets in order of liquidity. Enter account name only and do not provide the descriptive information provided in the question.) Pronghorn Corporation Balance Sheet Assets $ Liabilities and stockholders' Equity $
Presented below is the adjusted trial balance of Pronghorn Corporation at December 31, 2025. Cash Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Trademarks Accounts Payable Salaries and Wages Payable Unearned Service Revenue Bonds Payable (due 2032) Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Insurance Expense Rent Expense Interest Expense Total Additional information: 1. 2. Debit $ $ ? 1,510 1,310 48,310 1,260 9,310 1,710 1,510 1,210 Net loss for the year was $3,430. No dividends were declared during 2025. ? Credit $ 4,310 10,310 810 2,310 9,310 10,310 25,310 10,310 $ ? Prepare a classified balance sheet as of December 31, 2025. (List Current Assets in order of liquidity. Enter account name only and do not provide the descriptive information provided in the question.)
Transcribed Image Text:Presented below is the adjusted trial balance of Pronghorn Corporation at December 31, 2025. Cash Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Trademarks Accounts Payable Salaries and Wages Payable Unearned Service Revenue Bonds Payable (due 2032) Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Insurance Expense Rent Expense Interest Expense Total Additional information: 1. 2. Debit $ $ ? 1,510 1,310 48,310 1,260 9,310 1,710 1,510 1,210 Net loss for the year was $3,430. No dividends were declared during 2025. ? Credit $ 4,310 10,310 810 2,310 9,310 10,310 25,310 10,310 $ ? Prepare a classified balance sheet as of December 31, 2025. (List Current Assets in order of liquidity. Enter account name only and do not provide the descriptive information provided in the question.)
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