Solution-Prepare a classified statement of financial

Prepare a classified statement of financial position assume

Assignment Help Finance Basics

Reference no: EM13573982

The following information is available for Karr Bowling Alley at December 31, 2012.

Buildings	$128,800	Share Capital-Ordinary	$100,000
Accounts Receivable	14,520	Retained Earnings	15,000
Prepaid Insurance	4,680	Accumulated Depreciation-Buildings	42,600
Cash	18,040	Accounts Payable	12,300
Equipment	62,400	Notes Payable	97,780
Land	64,000	Accumulated Depreciation-Equipment	18,720
Insurance Expense	780	Interest Payable	2,600
Depreciation Expense	7,360	Bowling Revenues	14,180
Interest Expense	2,600

Prepare a classified statement of financial position; assume that $13,900 of the notes payable will be paid in 2013.

Reference no: EM13573982

Questions Cloud

A person wanted to withdraw x rupees and y paise from the : a person wanted to withdraw x rupees and y paise from the bank. but cashier made a mistake and gave him y rupees and x

Analysts produce forecasts of accounting earnings along : analysts produce forecasts of accounting earnings along with other forward-looking information. this information has

On july 15 2011 the city of higgins lake issued : on july 15 2011 the city of higgins lake issued tax-supported term bonds having a face value of 10000000 and maturing

Hare is conducting an ethical debate on the institution of : what is wrong with slavery r.m. harehare is conducting an ethical debate on the institution of slavery. he is writing

Prepare a classified statement of financial position assume : the following information is available for karr bowling alley at december 31 2012.buildings128800share

You are considering the purchase of a quadruplex apartment : you are considering the purchase of a quadruplex apartment. effective gross income egi during the first year of

In order for a pension plan to qualify for special tax : in order for a pension plan to qualify for special tax treatment what requirements must be met? do you believe that

Norman companys income statement for the year ended : norman companys income statement for the year ended december 31 2012 contained the following condensed

Dell has recently switched from allowing customers a great : operations strategydell has recently switched from allowing customers a great deal of flexibility in designing their

User Account

All Pages

Prepare a classified statement of financial position assume

Reference no: EM13573982

Reference no: EM13573982

Questions Cloud

Reviews

Write a Review

Finance Basics Questions & Answers

Financial reporting and analysis

A report on financial accounting

Describe the types of financial ratios

Differences between sole proprietorship and corporation

Prepare a cash budget statement

What are the implied interest rates

State pricing theory and no-arbitrage pricing theory

Small business administration

Effect of financial leverage

Evaluate the basis for the payment to the lender

Importance of opps, ipps, mpfs and dmepos

Time value of money

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT