Debit Credit Buildings $128,800 Owner's Capital $119,300 Accounts Receivable 14,800 Accumulated Depreciation-Buildings 42,300 Prepaid Insurance 4,000...

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Debit Credit Buildings $128,800 Owner's Capital $119,300 Accounts Receivable 14,800 Accumulated Depreciation-Buildings 42,300 Prepaid Insurance 4,000 Accounts Payable 11,200 Cash 19,000 Notes Payable 96,400 Equipment 61,300 Accumulated Depreciation-Equipment 18,300 Land 69,000 Interest Payable 2.900 Insurance Expense 600 Service Revenue 16,500 Depreciation Expense 7.000 Interest Expense 2.400 $306,900 $306,900 (a) Prepare a classified balance sheet; assume that $28,700 of the note payable will be paid in 2023. (List Current Asset List Property, Plant and Equipment in order of Land, Buildings and Equipment.) Debit Credit Buildings $128,800 Owner's Capital $119,300 Accounts Receivable 14,800 Accumulated Depreciation-Buildings 42,300 Prepaid Insurance 4,000 Accounts Payable 11,200 Cash 19,000 Notes Payable 96,400 Equipment 61,300 Accumulated Depreciation-Equipment 18,300 Land 69,000 Interest Payable 2.900 Insurance Expense 600 Service Revenue 16,500 Depreciation Expense 7.000 Interest Expense 2.400 $306,900 $306,900 (a) Prepare a classified balance sheet; assume that $28,700 of the note payable will be paid in 2023. (List Current Asset List Property, Plant and Equipment in order of Land, Buildings and Equipment.)

Answer rating: 100% (QA)

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