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The March 31, 2020, adjusted trial balance for Amusement Park Repair is shown below with accounts in alphabetical order Debit Accounts payable Credit $ 30,000
The March 31, 2020, adjusted trial balance for Amusement Park Repair is shown below with accounts in alphabetical order Debit Accounts payable Credit $ 30,000 Accounts receivable Accumulated depreciation, equipment $ 47,600 8,000 Accumulated depreciation, truck 20,000 Cash 13,400 Depreciation expense 2,800 Equipment 18,000 Franchise 20,000 Gas and oil expense 6,500 Interest expense 350 Interest payable Land not currently used in business operations 138,000 Long-term notes payable 33,000 Notes payable, due February 1, 2021 6,000 Notes receivable? 4,000 Intangible asset 6,000 Prepaid rent 13,000 Rent expense 50,000 Repair revenue 256,000 Repair supplies 12,100 Repair supplies expense 28,000 Truck 25,000 Unearned repair revenue 11,600 Vic Sopik, capital 66,900 Vic Sopik, withdrawals 48.000 Totals $432,150 $432,150 650 154.000 of the long-term note payable is due during the year ended March 31, 2021 1$4,000 of the long-term note payable is due during the year ended March 31, 2021. 2$1,000 of the notes receivable will be collected by March 31, 2021. Calculate each of the following: a. Current assets e. b. Property, plant, and equipment C. Intangible assets d. Non-current investments Total assets f. Current liabilities g. Non-current liabilities h. Total liabilities i. Total liabilities and equity
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