Question

The following information is available for Lessila Bowling Alley at December 31, 2014.
Buildings ................. $128,800
Accounts 1Receivable ............ 14,520
Prepaid Insurance ............. 4,680
Cash .................. 18,040
Equipment ................. 62,400
Land ................... 64,000
Insurance Expense ............ 780
Depreciation Expense ........... 7,360
Interest Expense ............. 2,600
Owner’s Capital ............. $115,000
Accumulated Depreciation—Buildings .... 42,600
Accounts Payable ............. 12,300
Notes Payable .............. 97,780
Accumulated Depreciation—Equipment ..... 18,720
Interest Payable ............... 2,600
Bowling Revenues ............. 14,180

Prepare a classified statement of financial position. Assume that $13,900 of the notes payable will be paid in 2015.



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  • CreatedJanuary 30, 2014
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