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Exercise 4-14 a The adjusted trial balance for Sheridan Bowling Alley at December 31, 2020, contains the following accounts. Debits Buildings Accounts Receivable Prepaid Insurance

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Exercise 4-14 a The adjusted trial balance for Sheridan Bowling Alley at December 31, 2020, contains the following accounts. Debits Buildings Accounts Receivable Prepaid Insurance Cash Equipment Land Insurance Expense Depreciation Expense Interest Expense $128,600 14,700 4,000 18,700 61,500 66,800 500 7,400 2,900 $305,100 Credits Owner's Capital Accumulated Depreciation-Buildings Accounts Payable Notes Payable Accumulated Depreciation-Equipment Interest Payable Service Revenue $115,900 43,300 11,800 96,100 18,100 2,700 17,200 $305,100 Prepare a classified balance sheet; assume that $28,400 of the note payable will be paid in 2021. (List Current Assets in order of liquidity. List Property, Plant and Equipment in order of Land, Buildings and Equipment.) SHERIDAN BOWLING ALLEY Balance Sheet Assets LONGAMEPANSINULIURFULL Assets Liabilities and Owner's Equity Liabilities and Owner's Equity

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