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I did most of it, but I'm just not sure if I did it right or not. I think I am struggling with the current
I did most of it, but I'm just not sure if I did it right or not. I think I am struggling with the current liabilities part and retained earnings, so I cannot go further. Also, does Accounts Payable go first or Notes Payable? if you can please make sure I did everything right and help me finish the rest, then that would be great.
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The adjusted trial balance for Bridgeport Bowling Alley at December 31, 2022, contains the following accounts. liquidity.) Bridgeport Bowling Alley Balance Sheet December 31, 2022 Assets Current Assets \begin{tabular}{l} Cash \\ \hline Accounts Receivable \\ \hline Prepaid Insurance \\ \hline \end{tabular} \begin{tabular}{l} $19500 \\ \hline 14000 \\ \hline \end{tabular} Total Current Assets $37500 Property, Plant and Equipment Land \begin{tabular}{l} Buildings \\ \hline Less : Accumulated Depreciation-Buildings \\ \hline Equipment \end{tabular} Liabilities and Stockholders' Equity Current Liabilities Accounts Payable Notes Payable Interest Payable Total Current Liabilities Long-term Liabilities Notes Payable Total Liabilities Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity By how much does current assets exceed current liabilities? Current assets exceed current liabilities by $ What percentage of current assets are in the form of cash? (Round answer to 2 decimal places, e.g. 15.25\%.) Percentage of current assets are in the form of cash is % Determine the company's liquidity. The company's liquidity appears to beStep by Step Solution
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