The following is the Frederick Company's adjusted Trial Balance.
Frederick Company
Adjusted Trial Balance
December 31, 2018
Account Title Debit Credit
Cash $85,150
Accounts Receivable $229,140
Supplies $16,955
Equipment $395,285
Accumulated Depreciation $221,260
Accounts Payable $74,235
Capital Stock $220,000
Retained Earnings $101,145
Service Revenue $893,105
Interest Income $1,500
Dividends $2,000
Rent Expense $58,500
Wages Expense $527,260
Supplies Expense $42,520
Utilities Expense $8,595
Depreciation Expense $145,840
Totals $1,522,565 $1,522,565
Use this information to prepare the classified Balance Sheet for the fiscal year. There are additional lines in the classified Balance Sheet form to allow for authorized alternate presentations. Hint: you must close out temporary accounts to arrive at adjusted retained earnings balance.