The Following Data Were Taken from the Adjusted Trial Balance $\begin{array}{c}\text { Kent Corporation } \\\text { Adjusted Trial Balance Data } \\\text { December 31, } 2014\end{array}$

question 73

Essay

The following data were taken from the adjusted trial balance of Kent Corporation. $\begin{array}{c}\text { Kent Corporation } \\\text { Adjusted Trial Balance Data } \\\text { December 31, } 2014\end{array}$
$\begin{array}{|l|r|}\hline \text { Accounts Payable } & \$ 12,000 \\\hline \text { Accounts Receivable } & 13,000 \\\hline \text { Accumulated Depreciation-Building } & 6,000 \\\hline \text { Accumulated Depreciation-Furniture \& Fixtures } & 9,000 \\\hline \text { Building } & 60,000 \\\hline \text { Common Stock } & 40,000 \\\hline \text { Cash } & 24,000 \\\hline \text { Copyrights } & 22,000 \\\hline \text { Dividends Declared } & 12,000 \\\hline \text { Furniture \& Fixtures } & 15,000 \\\hline \text { Land } & 25,000 \\\hline \text { Note Payable }(10 \% \text {, due in 5 years }) & 40,000 \\\hline \text { Office Supplies } & 1,000 \\\hline \text { Prepaid Insurance } & 3,000 \\\hline \text { Retained Earnings (January 1, 2014) } & 23,000 \\\hline \text { Salaries Payable } & 2,000 \\\hline \text { Service Revenue } & 85,000 \\\hline \text { Salaries Expense } & 28,000 \\\hline \text { Utilities Expense } & 2,000 \\\hline \text { Depreciation Expense } & 5,000 \\\hline \text { Insurance Expense } & 2,000 \\\hline \text { Office Supplies Expense } & 1,000 \\\hline \text { Interest Expense } & 4,000\\\hline\end{array}$ Required:
Prepare a classified balance sheet in good form at December 31, 2014. (Ignore income taxes).

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Definitions:

Stream Scheduling

A method used in computing and broadcasting for organizing data processing or transmission according to a predetermined sequence or time.

Time-specified Scheduling

An appointment system where patients are given specific times for their visits, aiming to reduce waiting periods and streamline the process.

Double-booking System

A method used in accounting that records each transaction in two accounts to ensure the balance sheet remains balanced.

Average Visit

An average visit typically refers to the median length or type of encounter experienced by individuals when attending a specific event, facility, or practitioner.