The following information is available for Lessila Bowling Alley at December 31, 2022. Prepare a classified statement
Question:
The following information is available for Lessila Bowling Alley at December 31, 2022.
Prepare a classified statement of financial position. Assume that $13,900 of the notes payable will be paid in 2023.
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Share Capital Retained Earnings (beginning) Accumulated Depreciation-Buildings Accounts Payable Notes Payable Accumulated Depreciation-Equipment Interest Payable Bowling Revenues Buildings Accounts Receivable Prepaid Insurance Cash Equipment Land $128,800 $100,000 14,520 15,000 42,600 4,680 18,040 62,400 64,000 780 7,360 2,600 12,300 97,780 18,720 2,600 14,180 Insurance Expense Depreciation Expense Interest Expense
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Related Book For
Financial Accounting Tools for Business Decision Making
ISBN: 978-1119493631
9th edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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