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Accum, deprec., machinery 36,600 352,000 Brar Maintenance Company showed the following adjusted trial balance information for its December 31, 2023, year-end Account Accounts payable
Accum, deprec., machinery 36,600 352,000 Brar Maintenance Company showed the following adjusted trial balance information for its December 31, 2023, year-end Account Accounts payable Accounts receivable Accum. deprec., building Balance $ 42,300 Land Machinery Account Balance $ 82,000 295,000 Merchandise inventory 125,000 125,000 Notes payable** 190,000 1,700 Notes receivable, due 2024 22,600 526,000 Operating expenses 901,900 18,900 Prepaid rent 54,000 10,900 Revenue 1,200,000 590 Salaries & admin expense 119,200 221,095 Salaries payable 7,700 85 Unearned revenue 30,000 Allowance for doubtful accounts Building Cash Estimated warranty liabilities Interest payable Jake Brar, capital Interest receivable 'Assume all accounts have a normal balance. $149,000 of the note payable is due beyond December 31, 2024. Required: Prepare a classified balance sheet for Brar Maintenance Company at December 31, 2023. (Be sure to list the assets and liabilities in order of their liquidity. Enter all amounts as positive values.) BRAR MAINTENANCE COMPANY Balance Sheet December 31, 2023 Assets Current assets: Cash $ 526,000 Accounts receivable. $ 36,600 Less: Allowance for doubtful accounts 1,700 Merchandise inventory Total current assets Property, plant, and equipment: $ 526,000. Total property, plant, and equipment Total assets Current liabilities: Total current Liabilities Non-current liabilities: Total liabilities Total liabilities and equity 0 $ 526,000 Liabilities Equity $ 0 $ 0 $ 0
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