ANSWERS TO QUESTIONS

Kelly Corporation Balance Sheet December 31, 2007 Assets Current assets Cash $ 6,850 Office supplies 1,200 Prepaid insurance 1,000 Total current assets $ 9,050 Equipment 48,000 Less: Accumulated depreciation 4,000 44,000 Intangible assets—trademark 950 Total assets $54,000 Liabilities and Stockholders’ Equity Current liabilities Accounts ... ................
................