The following is the Frederick Company’s adjusted Trial Balance.

Frederick Company

Adjusted Trial Balance

December 31, 2018

Account Title Debit Credit

Cash $85,150

Accounts Receivable 229,140

Supplies 16,955

Equipment 395,285

Accumulated Depreciation $221,260

Accounts Payable 74,235

Capital Stock 220,000

Retained Earnings 101,145

Service Revenue 893,105

Interest Income 1,500

Dividends 2,000

Rent Expense 58,500

Wages Expense 527,260

Supplies Expense 42,520

Utilities Expense 8,595

Depreciation Expense 145,840

Totals $1,522,565 $1,522,565

Use this information to prepare the Balance Sheet for the fiscal year. There are additional lines in the formatted Balance Sheet form to allow for authorized alternate presentations. Hint: you must close out temporary accounts to arrive at adjusted retained earnings balance.