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please show work. Exercise 4-14 a The adjusted trial balance for Sheridan Bowling Alley at December 31, 2020, contains the following accounts. Credits Debits Buildings
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Exercise 4-14 a The adjusted trial balance for Sheridan Bowling Alley at December 31, 2020, contains the following accounts. Credits Debits Buildings Accounts Receivable Prepaid Insurance Cash Equipment Land Insurance Expense Depreciation Expense Interest Expense $129,000 Owner's Capital 14,800 Accumulated Depreciation-Buildings 4,200 Accounts Payable 18,700 Notes Payable 62,600 Accumulated Depreciation Equipment 66,300 Interest Payable 900 Service Revenue 6,500 2,100 $305,100 $118,400 42,000 11,500 97,400 17,300 2,300 16,200 $305,100 (a) Prepare a classified balance sheet; assume that $28,500 of the note payable will be paid in 2021. (List Current Assets in order of liquidity. List Property, plant and Equipment in order of Land, Buildings and Equipment.) SHERIDAN BOWLING ALLEY Balance Sheet December 31, 2020 Assets Current Assets Step by Step Solution
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