Tag Archives: Sheet

I can’t get my classified balance sheet to balance. What am I doing wrong?? Heres the information…. Reatained earnings $31,000 (at beginning of year) Utility expanse $2,000 Equipement $66,000 Accounts Payable $18,300 Cash $12,900 Saleries payable $3,000 Common stock $13,000 Dividends $12,000 Service revenue $72,000 Prepaid insurance $3,500 Repair expence $1,800 Depreciation expence $3,300 Accounts recievable $14,200 Insurance expence $2,200 Salaries expence $37,000 Accumulated depreciation $17,600