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prepare a balance sheet The adjusted trial balance for Pharoah Bowling Alley at December 31, 2022, contains the following accounts. Debit Credit $128,600 $116,300 Buildings
prepare a balance sheet
The adjusted trial balance for Pharoah Bowling Alley at December 31, 2022, contains the following accounts. Debit Credit $128,600 $116,300 Buildings Accounts Receivable 14,200 43,500 Prepaid Insurance 4,600 11,400 Cash 19,700 Owner's Capital Accumulated Depreciation-Buildings Accounts Payable Notes Payable Accumulated Depreciation-Equipment Interest Payable Service Revenue 97,300 Equipment 61,500 17,300 Land 65,200 2,200 500 15,600 Insurance Expense Depreciation Expense Interest Expense 6,500 2,800 $303,600 $303,600 (a) Prepare a classified balance sheet; assume that $28,300 of the note payable will be paid in 2023. (List Current Assets in order liquidity. List Property, Plant and Equipment in order of Land, Buildings and Equipment.) Fot the Year Ended December 31, 2022 Assets Current Assets Cash $ 19700 Accounts Receivable 14200 Prepaid Insurance 4600 Total Current Assets Property Plant and Equipment Land 65200 Equipment 61500 Les : Accumulated Depreciation Equipment (17300) Building 128600 Less : Accumulated Depreciation Buildings (435001 Total Assets Liabilities and Owner's Equity Current abilities Total Assets Liabilities and Owner's Equity Current Liabilities Accounts Payable Notes Payable Interest Payable Total Current Liabilities . Long-term Liabilities Total Current Liabilities . Long term Liabilities Notes Payable Total Liabilities e Textbook and Media List of Accounts Step by Step Solution
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