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Safety-First Company Completed all of its october 31,2020, adjustments in preperation for preparing its financial statements, which resulted in the following trail balance. Prepare a

Safety-First Company Completed all of its october 31,2020, adjustments in preperation for preparing its financial statements, which resulted in the following trail balance.
Prepare a classified balance sheet at october 31,2020
Journal entries
A) Record Impairment loss on equipment
B Record impairment loss on furniture
C) Record impairment loss on land
D) Record impairment loss on buildimg image text in transcribed
image text in transcribed
image text in transcribed
Account Accounts payable Accounts receivable Accumulated depreciation, building Accumulated depreciation, equipment Accumulated depreciation, furniture Allowance for doubtful accounts Building Cash Equipment Expenses, including cost of goods sold Furniture Land Merchandise inventory Note payable Sales Tarifa Sharma capital Unearned revenues Balance $ 11,620 20,200 79,600 37,800 21,300 920 136,800 11,400 90, 600 761, 600 50.800 105,800 35,400 86,000 964, 160 62,880 8, 320 Other information: 1. All accounts have normal balances. 2. $26,800 of the note payable balance is due by October 31, 2 The final task in the year-end process was to assess the assets F Asset Land Building Equipment Furniture Recoverable Value $ 136,800 106,000 29,000 15,800 SAFETY FIRST COMPANY Balance Sheet October 31, 2020 Assets Current assets 0 Total current assets S Property, plant and equipment: 0 0 Total property blant and soulpment Totalassets S Liabilities Carren laburtes To carrentabilities Noncurenties Prev

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