The following information is available for Sutter Bowling Alley at December 31, 2020. Prepare a classified statement
Question:
Prepare a classified statement of financial position. Assume that $13,900 of the notes payable will be paid in 2021.
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Owner's Capital Accumulated Depreciation-Buildings Accounts Payable Notes Payable Accumulated Depreciation-Equipment Interest Payable Bowling Revenues Buildings Accounts Receivable Prepaid Insurance Cash Equipment $128,800 $115,000 42,600 14,520 4,680 18,040 62,400 12,300 97,780 18,720 2,600 Land 64,000 14,180 Insurance Expense Depreciation Expense 780 7,360 2,600 Interest Expense
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Related Book For
Accounting Principles
ISBN: 978-1119411482
13th edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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