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he March 31, 2020, adjusted trial balance for Amusement Park Repair is shown below with accounts in alphabetical order. Debit Credit Accounts payable $ 31,000
he March 31, 2020, adjusted trial balance for Amusement Park Repair is shown below with accounts in alphabetical order.
Debit | Credit | |||||
Accounts payable | $ | 31,000 | ||||
Accounts receivable | $ | 48,000 | ||||
Accumulated depreciation, equipment | 9,000 | |||||
Accumulated depreciation, truck | 21,000 | |||||
Cash | 14,400 | |||||
Depreciation expense | 3,800 | |||||
Equipment | 19,000 | |||||
Franchise | 21,000 | |||||
Gas and oil expense | 7,500 | |||||
Interest expense | 450 | |||||
Interest payable | 750 | |||||
Land not currently used in business operations | 148,000 | |||||
Long-term notes payable1 | 35,000 | |||||
Notes payable, due February 1, 2021 | 7,000 | |||||
Notes receivable2 | 6,000 | |||||
Intangible asset | 7,000 | |||||
Prepaid rent | 14,000 | |||||
Rent expense | 51,000 | |||||
Repair revenue | 266,000 | |||||
Repair supplies | 13,100 | |||||
Repair supplies expense | 29,000 | |||||
Truck | 26,000 | |||||
Unearned repair revenue | 12,600 | |||||
Vic Sopik, capital | 74,900 | |||||
Vic Sopik, withdrawals | 49,000 | |||||
Totals | $ | 457,250 | $ | 457,250 | ||
1$5,000 of the long-term note payable is due during the year ended March 31, 2021. 2$2,000 of the notes receivable will be collected by March 31, 2021. Calculate each of the following:
b)property plant and equipment
c)intangible assets
d)non-current liabilities
e) non current investment
f) current liabilities
g total assets
total liabilities
total liabilities and equity
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