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Ost Images Analyst you are any ratos 1.2. You find that a major portion of accounts recev ments in the past 12 months. Removing this receivable from current assets lowers the current row you conce? Aww cento of 12 ott Cuvet cover comenta omong the pandue recen. Hot Yound the companyamenting to loan payment The partial work sheet of Midtown Repair Company at December 31 follows. Income Statement Debit Credit Balance Sheet and Statement of Owner's Equity Debit Credit NEED-TO-KNOW 4-4 COMPREHENSIVE Completing a Work Sheet, Recording Closing Entries, and Preparing Financial Statements Account Title Cash Notes receivable (current) Prepaid insurance Prepaid rent Equipment Accumulated depreciation-Equipment Accounts payable Long-term notes payable C. Trout Capital C Trout Withdrawals Repair services revenue Interest revenue Depreciation expense-Equipment Wages expense Rent expense Insurance expense Interest expense Totals Adjusted Trial Balance Debit Credit 95,600 50,000 16,000 4,000 170.000 57,000 52.000 63,000 178,500 30,000 180,800 7,500 28,500 85,000 48,000 6,000 5,700 538,800 538,800 Ost Images Analyst you are any ratos 1.2. You find that a major portion of accounts recev ments in the past 12 months. Removing this receivable from current assets lowers the current row you conce? Aww cento of 12 ott Cuvet cover comenta omong the pandue recen. Hot Yound the companyamenting to loan payment The partial work sheet of Midtown Repair Company at December 31 follows. Income Statement Debit Credit Balance Sheet and Statement of Owner's Equity Debit Credit NEED-TO-KNOW 4-4 COMPREHENSIVE Completing a Work Sheet, Recording Closing Entries, and Preparing Financial Statements Account Title Cash Notes receivable (current) Prepaid insurance Prepaid rent Equipment Accumulated depreciation-Equipment Accounts payable Long-term notes payable C. Trout Capital C Trout Withdrawals Repair services revenue Interest revenue Depreciation expense-Equipment Wages expense Rent expense Insurance expense Interest expense Totals Adjusted Trial Balance Debit Credit 95,600 50,000 16,000 4,000 170.000 57,000 52.000 63,000 178,500 30,000 180,800 7,500 28,500 85,000 48,000 6,000 5,700 538,800 538,800