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The following information is available for Sunland Bowling Alley at December 31, 2022. Buildings $128,500 Owner's Capital $128,880 Accounts Receivable 14,550 Accumulated Depreciation-Buildings 42,620 Prepaid
The following information is available for Sunland Bowling Alley at December 31, 2022. Buildings $128,500 Owner's Capital $128,880 Accounts Receivable 14,550 Accumulated Depreciation-Buildings 42,620 Prepaid Insurance 4,620 Accounts Payable 11,500 Cash 17,740 Notes Payable 97,780 Equipment 63,200 Accumulated Depreciation-Equipment 18,590 Land 77,000 Interest Payable 3,100 Insurance Expense 780 Bowling Revenues 14,300 Depreciation Expense 7,280 Interest Expense 3,100 Prepare a classified statement of financial position. Assume that $15,000 of the notes payable will be paid in 2023. (List Current Assets in reverse order of liauiditv. List Propertv. Plant and Eauipment in order of Land. Buildings and Eauipment.)
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