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)

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Description: Prepare a classified balance sheet as of December 31, 2025. (List Current Assets in order of liquidity. Enter account name only and do notprovide the descriptive information provided in the question.)Pronghorn CorporationBalance SheetAssets$Liabilit

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter4: The Balance Sheet And The Statement Of Shareholders' Equity

Section: Chapter Questions

Problem 12P: Balance Sheet from Adjusted Trial Balance The following is the alphabetical adjusted trial balance...

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