The following information is available for Rego Bowling Alley at December 31, 2014. Prepare a classified statement
Question:
Prepare a classified statement of financial position; assume that $13,900 of the notes payable will be paid in 2015.
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$128,000 Share Capital 7,540 Retained Earnings 4,680 Accumulated Depreciation-Buildings 18,040 Buildings $90,000 Accounts Receivable Prepaid Insurance Cash Equipment Land Insurance Expense Depreciation Expense Interest Expense Accounts Payable 12,300 Notes Payable 62,400 95,000 67,000 Accumulated Depreciation-Equipment 780 Interest Payable 7,360 Service Revenues 2,600 18,720 2,600 15,180
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REGO BOWLING ALLEY Statement of Financial Position December 31 201...View the full answer
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Related Book For
Financial Accounting
ISBN: 978-1119491057
8th edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel
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