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Brar Maintenance Company showed the following adjusted trial balance information for its December 31, 2020, year-end. Accounts payable Account Accounts receivable Accum. deprec., building Accum.
Brar Maintenance Company showed the following adjusted trial balance information for its December 31, 2020, year-end. Accounts payable Account Accounts receivable Accum. deprec., building Accum. deprec., machinery Account Balance $ 43,700 38,000 366,000 Balance Interest receivable 155 Jake Brar, capital Land 137,025 83,400 139,000 Machinery 309,000 3,100 Merchandise inventory 130,000 540,000 Notes payable2 284,000 20,300 Notes receivable, due 2021 24,000 12,300 Operating expenses 915,900 9,100 Prepaid rent 96,000 120,600 Revenue 1,340,000 730 Unearned revenue 31,400 Allowance for doubtful accounts Building Cash Estimated warranty liabilities Income taxes payable Income tax expense Interest payable 'Assume all accounts have a normal balance. *$156,000 of the note payable is due beyond December 31, 2021. Required: Prepare a classified balance sheet for Brar Maintenance Company at December 31, 2020. (Be sure to list the assets and liabilities in order of their liquidity. Enter all amounts as positive values.)
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