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The March 31, 2020, adjusted trial balance for Amusement Park Repair is shown below with accounts in alphabetical order. Accounts payable Accounts receivable Accumulated depreciation,
The March 31, 2020, adjusted trial balance for Amusement Park Repair is shown below with accounts in alphabetical order. Accounts payable Accounts receivable Accumulated depreciation, equipment Accumulated depreciation, truck Cash Depreciation expense Equipment Franchise Gas and oil expense Interest expense Interest payable Land not currently used in business operations Long-term notes payable1 Notes payable, due February 1, 2021 Notes receivable2 Intangible asset Prepaid rent Rent expense Repair revenue Repair supplies Repair supplies expense Truck Unearned repair revenue Vic Sopik, capital Vic Sopik, withdrawals Totale Debit Credit $ 31,700 $ 48, 700 9,700 21,700 15,100 4,500 19, 700 21,700 8,200 520 e20 155,000 36,400 7,700 7,400 7,700 14,700 51,700 273,000 13,800 29,700 26,700 13,300 80,500 49,700 $ 474,820 $474,820 1 $5,700 of the long-term note payable is due during the year ended March 31, 2021 2 $2,700 of the notes receivable will be collected by March 31, 2021. The March 31, 2020, adjusted trial balance for Amusement Park Repair is shown below with accounts in alphabetical order. Accounts payable Accounts receivable Accumulated depreciation, equipment Accumulated depreciation, truck Cash Depreciation expense Equipment Franchise Gas and oil expense Interest expense Interest payable Land not currently used in business operations Long-term notes payable1 Notes payable, due February 1, 2021 Notes receivable2 Intangible asset Prepaid rent Rent expense Repair revenue Repair supplies Repair supplies expense Truck Unearned repair revenue Vic Sopik, capital Vic Sopik, withdrawals Totale Debit Credit $ 31,700 $ 48, 700 9,700 21,700 15,100 4,500 19, 700 21,700 8,200 520 e20 155,000 36,400 7,700 7,400 7,700 14,700 51,700 273,000 13,800 29,700 26,700 13,300 80,500 49,700 $ 474,820 $474,820 1 $5,700 of the long-term note payable is due during the year ended March 31, 2021 2 $2,700 of the notes receivable will be collected by March 31, 2021
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