Question: for notes payable, 96,100 did not work so please dont give me that answer. i need help with B The adjusted trial balance for Sheridan




The adjusted trial balance for Sheridan Bowling Alley at December 31, 2020, contains the following accounts Debits Buildings Accounts Receivable Prepaid Insurance Cash Equipment Land Insurance Expense Depreciation Expense Interest Expense $128,600 14,700 4,000 18,700 61,500 66,800 500 7,400 2,900 $305,100 Credits Owner's Capital Accumulated Depreciation-Buildings Accounts Payable Notes Payable Accumulated Depreciation-Equipment Interest Payable Service Revenue $115,900 43,300 11,800 96,100 18,100 2,700 17,200 $305,100 LALLULAIUNFULL SCRE Interest Payable 2700 Notes Payable Total Current Liabilities 14500 Current Liabilities Notes Payable 96100 Total Liabilities 206700 Study Click if you would like to show Work for this question: Open Show Work SHERIDAN BOWLING ALLEY Balance Sheet December 31, 2020 Assets Current Assets cash 18700 Accounts Receivable 14700 Prepaid Insurance 4000 Total Current Assets J 37400 Property. Plant and Equipment Land 66800 T Bulldinos Exercise 4-14 a Your answer is partially correct. Try again. The adjusted trial balance for Sheridan Bowling Alley at December 31, 2020, contains the following accounts. Debits Credits Buildings $128,600 Owner's Capital $115,900 Accounts Receivable 14,700 Accumulated Depreciation-Buildings 43,300 Prepaid Insurance 4,000 Accounts Payable 11,800 Cash 18,700 Notes Payable 96,100 Equipment 61,500 Accumulated Depreciation-Equipment 18,100 Land 66,800 Interest Payable 2,700 Insurance Expense 500 Service Revenue 17,200 Depreciation Expense 7,400 Interest Expense 2,900 $305,100 $305,100 17200 Prepare a classified balance sheet; assume that $28,400 of the note payable will be paid in 2021. (List Current Assets in order of liquidity. List Property, Plant and Equipment in order of Land, Buildings and Equipment.) SHERIDAN BOWLING ALLEY Balance Sheet December 31, 2020 Assets | Current Assets I Accounts Recolvable Prepaid Insurance T Total Current Assets Property. Plant and Equipment I Land 66800 Accumulated Depreciation Bulldinos Liabilities and Owner's Equity Current Liabilities Accounts Payable 11800 Interest Payable 2700 Notes Payable Total Current Liabilities 14500 Current Liabilities Notes Payable Payable 96100 Total Liabilities 206700
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