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April 1, 2021i want to make a assignment on questionnaire i will send you the requirement file please bid on the question if you can provide your work in less three hours
April 1, 2021The adjusted trial balance for Wootton Bowling Alley at December 31, 2012, contains the following accounts.
Debits
Credits
Buildings
$128,800
Owner’s Capital
$115,000
Accounts Receivable
14,520
Accumulated Depreciation—Buildings
42,600
Prepaid Insurance
4,680
Accounts Payable
12,300
Cash
18,040
Notes Payable
97,780
Equipment
62,400
Accumulated Depreciation—Equipment
18,720
Land
67,000
Interest Payable
2,600
Insurance Expense
780
Service Revenue
17,180
Depreciation Expense
7,360
$306,180
Interest Expense
2,600
$306,180
Instructions
(a) Prepare a classified balance sheet; assume that $22,000 of the note payable will be paid in 2013.
(b) Comment on the liquidity of the company.
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