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Complete the following two forms These items are taken from the financial statements of Ayayai Corp. at December 31, 2018. Buildings $79,350 Accounts receivable 9,450
Complete the following two forms
These items are taken from the financial statements of Ayayai Corp. at December 31, 2018. Buildings $79,350 Accounts receivable 9,450 Prepaid insurance 3,510 Cash 8,880 Equipment 61,800 Land 45,900 Office expense 435 Income tax expense 150 Depreciation expense 3,975 Interest expense 1,950 46,500 Common shares Retained earnings (January 1, 2018) Accumulated depreciation-building Accounts payable 30,000 34,200 6,300 Income taxes payable 825 Bank loan payable (due July 1, 2020) 70,200 Accumulated depreciation equipment 14,040 Interest payable 2,700 Sales 10,635 Prepare a classified statement of financial position. Assume that $10,200 of the bank loan payable will be paid in 2019. List Property, plant and equipment in order of land buildings and equipment List Current Assets in order of liquidity.) AYAYAI CORP Statement of Financial Position For the Year Ended December 31, 2018 Assets $ $ EA $ Lishilities and Shareholders' Fouity Liabilities and Shareholders' Equity $ $ $ $ AYAYAI CORP Statement of Financial Position For the Year Ended December 31, 2018 7 Assets Current Assets Current Liabilities Non-Current Liabilities Property, Plant, and Equipment Shareholders' Equity Total Assets Total Current Assets Total Current Liabilities Total Liabilities Total Liabilities and Shareholders' Equity Total Property, Plant, and Equipment Total Shareholders' Equity $ $ $ AYAYAI CORP Statement of Financial Position For the Year Ended December 31, 2018 Assets $ Add Less 7 $Step by Step Solution
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