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These items are taken from the financial statements of Bramble Co. at December 31, 2025. Buildings Accounts receivable Prepaid insurance Cash Equipment Land Insurance expense
These items are taken from the financial statements of Bramble Co. at December 31, 2025. Buildings Accounts receivable Prepaid insurance Cash Equipment Land Insurance expense Depreciation expense Interest expense Common stock Retained earnings (January 1, 2025) Accumulated depreciation-buildings Accounts payable Notes payable Accumulated depreciation-equipment Interest payable Service revenue $88,872 10,584 2,688 9,946 69,216 51,408 655 4,452 2,184 50,400 33,600 38,304 7,980 78,624 15,725 3,024 12,348 Prepare a classified balance sheet. Assume that $11,424 of the note payable will be paid in 2026. (List Current Assets in order of liquidity and Property, Plant and Equipment in order of Land, Buildings and Equipment.) Dunienc: Ncoountsrecoivabic Trrasis insurarce Equipinent Land Inourance oxpensic Depredition nperie Interesterpeme Commonstod Heaindeamino Uanuivi. 20251 Acciomuted depresiation-bulidings: Accourts payable Notenpubie interest pontile Serveserentrus sesinz 10.584 9.946 00216 51408 655 4492 2.158 50,400 30000 ansoe 7.850 70.624 15725 1024 12344
These items are taken from the financial statements of Bramble Co. at December 31, 2025. Buildings Accounts receivable Prepaid insurance Cash Equipment Land Insurance expense Depreciation expense Interest expense Common stock Retained earnings (January 1, 2025) Accumulated depreciation-buildings Accounts payable Notes payable Accumulated depreciation-equipment Interest payable Service revenue $88,872 10,584 2,688 9,946 69,216 51,408 655 4,452 2,184 50,400 33,600 38,304 7,980 78,624 15,725 3,024 12,348 Prepare a classified balance sheet. Assume that $11,424 of the note payable will be paid in 2026. (List Current Assets in order of liquidity and Property, Plant and Equipment in order of Land, Buildings and Equipment.)
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