Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The March 31, 2020, adjusted trial balance for Amusement Park Repair is shown below with accounts in alphabetical order 3 12 points Accounts payable Accounts
The March 31, 2020, adjusted trial balance for Amusement Park Repair is shown below with accounts in alphabetical order 3 12 points 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 Notes payable, duet February 1, 2021 Notes receivable? Intangible asset Prepaid rent Rent expense Repair revenue Repait supplies Repair supplies expense Unearned repair revenue Vic Sopik, capital Vic Sopik, withdrawala Totals Debit Credit $ 31,000 $ 48,000 9,000 21,000 14,400 3,800 19,000 21,000 7,500 450 750 148.000 35,000 Skibed payable 1 7.000 6.000 7.000 14,000 51.000 266,000 13,100 29,000 26,000 12,600 74,900 49,000 $457,250 $457,250 $5,000 of the long-term note payable is due during the year ended March 31, 2021. 2$2,000 of the notes receivable will be collected by March 31, 2021. Calculate each of the following: Non-current investments a. Current assets b. Property, plant, and equipment punya cintangible assets d. Total assets 1. Current liabilities 9. Non-current liabilities h. Total liabilities Total liabilities and equity
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started