The adjusted trial balance for Crane Bowling Alley at December 31, 2022, contains the following accounts....

 

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The adjusted trial balance for Crane Bowling Alley at December 31, 2022, contains the following accounts. Buildings Accounts Receivable Prepaid Insurance Cash Equipment Debit Land Insurance Expense Depreciation Expense Interest Expense $128,800 Owner's Capital 14,400 4,200 Accounts Payable Notes Payable 19,900 600 61,800 Accumulated Depreciation-Equipment 67,500 Interest Payable Service Revenue 7,400 2,900 Credit Accumulated Depreciation Buildings $307,500 $121,000 43,600 11,100 96,600 17,600 2,400 15,200 $307,500 (a) Prepare a classified balance sheet; assume that $28,600 of the note payable will be paid in 2023. (List Current Assets in order of liquidity. List Property, Plant and Equipment in order of Land, Buildings and Equipment) CRANE BOWLING ALLEY Balance Sheet Assets The adjusted trial balance for Crane Bowling Alley at December 31, 2022, contains the following accounts. Buildings Accounts Receivable Prepaid Insurance Cash Equipment Debit Land Insurance Expense Depreciation Expense Interest Expense $128,800 Owner's Capital 14,400 4,200 Accounts Payable Notes Payable 19,900 600 61,800 Accumulated Depreciation-Equipment 67,500 Interest Payable Service Revenue 7,400 2,900 Credit Accumulated Depreciation Buildings $307,500 $121,000 43,600 11,100 96,600 17,600 2,400 15,200 $307,500 (a) Prepare a classified balance sheet; assume that $28,600 of the note payable will be paid in 2023. (List Current Assets in order of liquidity. List Property, Plant and Equipment in order of Land, Buildings and Equipment) CRANE BOWLING ALLEY Balance Sheet Assets

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Since the note payable was due to be paid in 2023 so in 2022 the f... View the full answer