The following information is available for Lessila Bowling Alley at December 31, 2019. Prepare a classified statement
Question:
Prepare a classified statement of financial position. Assume that $13,900 of the notes payable will be paid in 2020.
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Buildings Accounts Receivable Prepaid Insurance Cash Equipment Land Insurance Expense Depreciation Expense Interest Expense $128,800 Share Capital 14,520 Retained Earnings (beginning) 4,680Accumulated Depreciation-Buildings 18,040 62,400 64,000 Accumulated Depreciation-Equipment $100,000 15,000 42,600 12,300 97,780 18,720 2,600 14,180 Accounts Payable Notes Payable 780 7,360 2,600 Interest Payable Bowling Revenues
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Related Book For
Financial Accounting
ISBN: 978-1119305736
10th edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel
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