The following information is available for Sutter Bowling Alley at December 31, 2017. Prepare a classified statement
Question:
The following information is available for Sutter Bowling Alley at December 31, 2017.
Prepare a classified statement of financial position. Assume that $13,900 of the notes payable will be paid in 2018.
Transcribed Image Text:
Buildings Accounts Receivable Prepaid Insurance Cash Equipment Land Insurance Expense Depreciation Expense Interest Expense $128,800 Oner's Capital 14,520 Accumulated Depreciation-Buildings 4,680 18,040 Notes Payable 62,400 Accumulated Depreciation-Equipment 64,000 $115,000 42,600 12,300 97,780 18,720 2,600 14,180 Accounts Payable Interest Payable Bowling Revenues 780 7,360 2,600
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Related Book For
Accounting Principles
ISBN: 978-1118875056
12th edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
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