The following information is available for Cole Bowling Alley at December 31, 2014. Prepare a classified statement
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The following information is available for Cole Bowling Alley at December 31, 2014.
Prepare a classified statement of financial position; assume that $13,900 of the notes payable will be paid in2015.
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Buildings Accounts Receivable Prepaid Insurance Cash Equipment Land $128,800 Share Capital-Ordinary 100,000 15,000 4.680 Accumulated Depreciation Buildings 42,600 12,300 97,780 64,000 Accumulated Depreciation-Equipment 18,720 2,600 14,180 14,520 Retained Earnings 18,040 Accounts Payable 62,400 Notes Payable Insurance Expense Depreciation Expense Interest Expense 780 Interest Payable 7,360 Service Revenue 2,600
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Related Book For
Accounting Tools for Business Decision Making
ISBN: 978-1118128169
5th edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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