LUnda Willams is the sole owner of Culumber Vista Park, a publiccamping ground near the Crater...

 

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LUnda Willams is the sole owner of Culumber Vista Park, a publiccamping ground near the Crater Lake National Recreation Area. Linda has comprled the feliowing financial information as of December 31 2022 Revenues during 2022-camcing tees $160,790 Fair value of eguipment $160,770 Revenues during 2022-gereral store 74,652 Notes payable 68,910 Accounts payable 12633 Expenses during 2022 172,273 Cash on hand 26415 Accounts recelvable 20,099 Original cost of equioment 121,167 (al Determine Linda Williams's ret incometrom Culumiber Vista Paricfor 2022. Net income (b) Prupare a balarce sheet for Cullamber Vista Parkas af Decumber 31, 2022. Lat Assets in order of ilguidity) CULLUMBER VISTA PARK Balance Sheet Desamber 31 202 Assets Cahon hand 26415 Account receivable 20099 Original cosr of equiomert 121167 Total Acsets Liabilities and Owner's Equity Liabilitie Account Payatle 12630 Note Pyaie Owrers Egulty Share Capitei & atairetiEanings Total Lties and Owner's Egity 16768t LUnda Willams is the sole owner of Culumber Vista Park, a publiccamping ground near the Crater Lake National Recreation Area. Linda has comprled the feliowing financial information as of December 31 2022 Revenues during 2022-camcing tees $160,790 Fair value of eguipment $160,770 Revenues during 2022-gereral store 74,652 Notes payable 68,910 Accounts payable 12633 Expenses during 2022 172,273 Cash on hand 26415 Accounts recelvable 20,099 Original cost of equioment 121,167 (al Determine Linda Williams's ret incometrom Culumiber Vista Paricfor 2022. Net income (b) Prupare a balarce sheet for Cullamber Vista Parkas af Decumber 31, 2022. Lat Assets in order of ilguidity) CULLUMBER VISTA PARK Balance Sheet Desamber 31 202 Assets Cahon hand 26415 Account receivable 20099 Original cosr of equiomert 121167 Total Acsets Liabilities and Owner's Equity Liabilitie Account Payatle 12630 Note Pyaie Owrers Egulty Share Capitei & atairetiEanings Total Lties and Owner's Egity 16768t

Answer rating: 100% (QA)

ANSWER 1 Solution 63167 Working Revenues Camping revenues 160790 General store reven... View the full answer