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Please help to fill the blanks & show the calculation. Question 1 --/10 View Policies Current Attempt in Progress The following information is available for
Please help to fill the blanks & show the calculation.
Question 1 --/10 View Policies Current Attempt in Progress The following information is available for Bramble at December 31, 2019. Buildings Accounts Receivable Prepaid Insurance Cash Equipment Land Insurance Expense Depreciation Expense Interest Expense $129,900 Share Capital 14,490 Retained Earnings (beginning) 4,570 Accumulated Depreciation-Buildings 17,240 Accounts Payable 62,800 Notes Payable 76,000 Accumulated Depreciation-Equipment 780 Interest Payable 7,490 Bowling Revenues 3,100 $100,000 27,680 42,620 12,500 97,770 18,520 3,100 14,180 Prepare a classified statement of financial position. Assume that $15,400 of the notes payable will be paid in 2020. (List Current Assets in reverse order of liquidity. List Property, Plant and Equipment in order of Land, Buildings and Equipment.) Bramble Statement of Financial Position For the Year Ended December 31, 2019 Assets Property, plant, and Equipment Land 76000 Buildings 129900 Less : Accumulated Depreciation-Buildings 42620 87280 Equipment 62800 Less : Accumulated Depreciation-Equipment 18520 i 44280 20 Current Assets Cash 17240 Accounts Receivable 14490 Prepaid Insurance 4570 Total Assets Equity and Liabilities Current Liabilities Accounts Payable Notes Payable Long-term Liabilities Interest Payable Equity Share Capital 100000 Retained Earnings 27680 2810 Total Equity and LiabilitiesStep by Step Solution
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