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The adjusted trial balance for Pharoah Bowling Alley at December 31, 2020, contains the following accounts Debits Credits Buildings $128.800 Owner's Capital $119,300 Accounts Receivable

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The adjusted trial balance for Pharoah Bowling Alley at December 31, 2020, contains the following accounts Debits Credits Buildings $128.800 Owner's Capital $119,300 Accounts Receivable 14.800 Accumulated Depreciation-Buildings 42,300 Prepaid Insurance 4,000 Accounts Payable 11.200 Cash 19.000 Notes Payable 96,400 Equipment 61,300 Accumulated Depreciation Equipment 18,300 Land 69.000 Interest Payable 2.900 Insurance Expense 600 Service Revenue 16,500 Depreciation Expense 7,000 Interest Expense 2,400 $306,900 $306,900 PHAROAH BOWLING ALLEY Balance Sheet December 31, 2020 Assets Current Assets Cash $ 19000 Accounts Receivable 14800 Prepaid Insurance 4000 Total Current Assets Property, plant and Equipment - 750 Land 000 Buildings $ 128000 Less Accumulated Depreciation Buildings 42300 15700 Equipment 61000 Les Accumulated Depreciation Equipment 18300 Total Asset 69000 128000 Buildings 42300 85700 61300 Equipment 18-300 Liabilities and Owner's Equity $ Liabilities and Owner's Equity $ Question 2 of 2 - /50 > Question 2 of 2

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