Based on the Adjusted Trial Balance,prepare a Balance Sheet for Martin

question 102

Essay

Based on the adjusted trial balance,prepare a balance sheet for Martin Sky Taxi Services.
$\begin{array}{c}\text { MARTIN SKY TAXI SERVICES}\\\text { Adjusted Trial Balance}\\\text { For the year ended December 31}\\\begin{array}{|l|r|r|}\hline \text { Cash } & \$ 28,000 & \\\hline \text { Accounts receivable } & 14,200 & \\\hline \text { Office supplies } & 1,700 & \\\hline \text { Airplanes } & 100,000 &\\\hline \text { Accumulated depreciation - Airplanes } & & 45,000 \\\hline \text { Accounts payable } & & 11,500 \\\hline \text { Common stock } & & 25,000 \\\hline \text { Retained earnings } & & 46,900\\\hline\text { Dividends } & 40,000 & \\\hline \text { Fees earned } & & 150,000 \\\hline \text { Rent expense } & 13,000 & \\\hline \text { Office supplies expense } & 2,000 & \\\hline \text { Utilities expense } & 2,500 &\\\hline \text { Depreciation Expense - Airplanes } & 15,000 & \\\hline \text { Salary expense } & 50,000 & \\\hline \text { Fuel expense } & 12,000 & \\\hline \text { Totals } & \$ 278,400 & \$ 278,400 \\\hline\end{array}\end{array}$

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Definitions:

Ethnicity

A social category based on common culture, language, ancestry, or other distinguishing features, often used to identify and group individuals.

Culture

The set of shared attitudes, values, goals, and practices that characterizes an institution, organization, or group.

Ethnic Roots

The cultural, national, or racial background from which a person or their ancestors originate.

Concept Of Ethnicity

The idea that groups of people have distinct cultural identities, defined by language, religion, customs, traditions, and heritage, differentiating them from other groups.