Could you please assist with the set-up of the balance sheet.

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May 5, 2020
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Could you please assist with the set-up of the balance sheet. Problem P1

Requirement: classified balance sheet using the information below:

Harvest Corporation

Adjusted Trial Balance

As of December 31, 2018

Account Debit Credit

Cash $24.952

Accounts Receivable 9.721

Prepaid Expenses 1.600

Inventory 38.000

Equipment 19.000

Accumulated Depreciation-Equipment $11.000

Patent 4.000

Accounts Payable 2.100

Wages Payable 450

Current Portion of Long Term Debt 1.275

Bonds Payable (Due 2030) 10.000

Long Term Notes Payable 6.000

Common Stock 19.000

Preferred Stock 10.500

Retained Earnings 14.704

Client Sales 46.000

Advertising Expense 4.856

Insurance Expense 5.800

Wages Expense 12.200

Interest Expense 900

Total $121.029 $121.029


Need to determine the change in retained

earnings to complete the balance sheet

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