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The adjusted trial balance for Sarasota Bowling Alley at December 31, 2022, contains the following accounts. Debit Credit Buildings $127,900 Common Stock $93,700 Accounts
The adjusted trial balance for Sarasota Bowling Alley at December 31, 2022, contains the following accounts. Debit Credit Buildings $127,900 Common Stock $93,700 Accounts Receivable 15,000 Retained Earnings 25,700 Prepaid Insurance 4,600 Accumulated Depreciation-Buildings 42,800 Cash 19,900 Accounts Payable 11,500 Equipment 62,700 Notes Payable 96,600 Land 66,600 Accumulated Depreciation-Equipment 17.100 Insurance Expense 900 Interest Payable $3,000 Depreciation Expense 7,300 Service Revenue 16,600 Interest Expense 2,100 $307,000 $307,000 Prepare a classified balance sheet; assume that $19,600 of the note payable will be paid in 2023. (List Property, plant and equipment in order of land, buildings and equipment. List Current Assets in order of liquidity) Sarasota Bowling Alley Balance Sheet Assets Assets Liabilities and Stockholders' Equity $ Liabilities and Stockholders' Equity 34F C
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