Question

Presented below is the adjusted trial balance of Sage Corporation at December 31, 2017 Debit Credit Cash Supplies Prepaid Insurancee Equipment Accumulated Depreciation-Equipment Trademarks Accounts Payable Salaries and Wages Payable Unearned Service Revenue Bonds Payable (due 2024) Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Insurance Expense Rent Expense Interest Expense 1,440 1,240 48,240 $4,240 1,190 10,240 740 2,240 9,240 10,240 25,240 10,240 9,240 1,640 1,440 1,140 Total

Answer 1

	Cash = total credits - total debits given
	= 72420 - 65,570
	6850
	Balance sheeet
	Cash			6,850
	total current assets				9,530
	total assets				54,720
	liabilities & stockholders Equity
	current liabilities
	Salaries & wages payable			740
	total current liabilities				13,220
	total liabilities				22,460
	common stock			10,240
	Retained earnings(25,240-3,220)			22,020	32,260
	total liabilities & Stockholders Equity				54,720
	(I have typed only theanswers to the red highlighted ones)