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20.

Account RO nach 1400 Supplies 200 2000 Salaries 19. The following items were taken from the financial statements of Rivera Company (All dollars are in thousands.) 1,200 Mortgage payable $ 2,340 Accumulated depreciation 3,560 Prepaid expenses 980 Accounts payable 1,555 Property, plant, and equipment 11,500 Notes payable due after 2017 Long-term investments 1,300 Owner's capital 14,026 Short-term investments 3,690 Accounts receivable 1,696 Notes payable due in 2017 1,000 Inventories 1.765 Cash 2,750 Instructions Prepare a classified balance sheet in good form as of December 31, 2016. 20. The Monks, a minor league baseball team, prepare financial statements on a monthly basis. Their season begins in April, but in March the team engaged in the following transactions: (a) Paid $240,000 to San Diego as advance rent for use of San Diego Stadium for the six month period April 1 through September 30. (b) Collected $480,000 cash from sales of season tickets for the team's 20 home games This amount was credited to Unearned Ticket Revenue. During the month of April, the Monks played five home games and four road games. Instructions Prepare the adjusting entries required at April 30 for the transactions above