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The adjusted trial balance for Sandhill Bowling Alley at December 31, 2020, contains the following accounts. Debits Credits Buildings $128,600 Owner's Capital $116,600 Accounts Receivable

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The adjusted trial balance for Sandhill Bowling Alley at December 31, 2020, contains the following accounts. Debits Credits Buildings $128,600 Owner's Capital $116,600 Accounts Receivable 14,000 Accumulated Depreciatin-Buildings 43,000 Prepaid Insurance 4,900 Accounts Payable 11,800 Cash 18,600 Notes Payable 96,800 Equipment 61,200 Accumulated Depreciation-Equipment 17,800 Land 67.700 Interest Payable 2.000 Insurance Expense 700 Service Revenue 17,000 Depreciation Expense 7,200 Interest Expense 2.100 $305,000 $305,000 (a) Prepare a classified balance sheet: assume that $30,000 of the note payable will be paid in 2021. (List Current Assets in order liquidity. List Property, plant and Equipment in order of Land, Buildings and Equipment.) SANDHILL BOWLING ALLEY Balance Sheet 10 a Bolo 80 DOO DOO F3 11 F4 FS FB - 20 E Prepare a classified balance sheet; assume that $30,000 of the note payable will be paid in 2021. (List Current Assets in order of liquidity. List Property Plant and Equipment in order of Lond, Buildings and Equipment) SANDHILL BOWLING ALLEY Balance Sheet Assets 80s 000 OOD F4 FS PII 4) TV A T # 3 $ 4 % 5 & 7 * 00 I 6 9 0 E T Y C Liabilities and Owner's Equity $ e Textbook and Media W O 80 000 000 74 > 110 $ A # 3 % 5 & 7 4 6 8 9 0

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