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The adjusted trial balance for Sarasota Bowling Alley at December 31, 2020. contains the following accounts (amounts in thousands). Debits Buildings 144,256 112,000 14.560 16,256
The adjusted trial balance for Sarasota Bowling Alley at December 31, 2020. contains the following accounts (amounts in thousands). Debits Buildings 144,256 112,000 14.560 16,256 5.248 Accounts Receivable Prepaid Insurance Cash Equipment Credits Share Capital-Ordinary Retained Earnings Accumulated Depreciation-Buildings Accounts Payable Notes Payable Accumulated Depreciation-Equipment Interest Payable Service Revenue 47,712 13,776 20,208 69.888 109,520 Land 72.800 20.960 Insurance Expense 880 4.256 8.240 19,248 Depreciation Expense Interest Expense 4,256 342,032 342032 (a) Prepare a classified statement of financial position; assume that 33,600 of the note payable will be paid in 2021. (List Current Assets in the reverse order of liquidity. List Property, Plant and Equipment in order of Land, Buildings and Equipment.) (a Prepare a classified statement of financial position; assume that 433,600 of the nots payable will be paid in 2021 (List Current Assets in the reverse order of liquidity List Property Plant and Equipment in order of Land Buildings and Equipment.) SARASOTA BOWLING ALLEY Statement of Financial Position Assets I. Equity and liabilities
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