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Exercise 4-14 The adjusted trial balance for Martell Bowling Alley at December 31, 2017, contains the following accounts. Credit Debit $128,800 Common Stock Buildings Accounts

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Exercise 4-14 The adjusted trial balance for Martell Bowling Alley at December 31, 2017, contains the following accounts. Credit Debit $128,800 Common Stock Buildings Accounts Receivable Prepaid Insurance Cash Equipment Land Insurance Expense Depreciation Expense Interest Expense $90,000 25,000 42,600 12,300 97,780 18,720 2,600 17,180 14,520 Retained Earnings 4,680 Accumulated Depreciation-Buildings 18,040 Accounts Payable 62,400 Notes Payable 67,000 Accumulated Depreciation--Equipment 780 Interest Payable 7,360 Service Revenue 2,600 $306,180 $306,180 Prepare a classified balance sheet; assume that $22,000 of the note payable will be paid in 2018. (List Property, plant and equipmen of liquidity.) MARTELL BOWLING ALLEY Balance Sheet Assets Liabilities and Stockholders' Equity 0 Type here to search 13

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