1 Brar Maintenance Company showed the following adjusted trial balance information for it. DEMO 3 Balance $ 43,000 Land Account Accounts payable Accounts receivable Accum. deprec., building Accum. deprec., machinery Allowance for doubtful accounts Building Cash Estimated warranty liabilities Interest payable Jake Brar, capital Interest receivable Current assets 37,300 Machinery 359,000 Merchandise inventory 132,000 Notes payable** 2,400 Notes receivable, due 2024 533,000 Operating expenses Prepaid rent Revenue 19,600 11,600 660 Saleries & admin expense Salarles payable 120 Unearned revenue 179,060 'Assume all accounts have a normal balance. 2$152.500 of the note payable is due beyond December 31, 2024 Account BRAR MAINTENANCE COMPANY Balance Sheet December 31, 2023 Assets $ Balance 82,700 302,000 132,000 197,000 23,300 908,900 75,000 Required: Prepare a classified balance sheet for Brar Maintenance Company at December 31, 2023. (Be sure to list the assets and order of their liquidity. Enter all amounts as positive values.) 1,270,000 119,900 8,400 30,700
1 Brar Maintenance Company showed the following adjusted trial balance information for it. DEMO 3 Balance $ 43,000 Land Account Accounts payable Accounts receivable Accum. deprec., building Accum. deprec., machinery Allowance for doubtful accounts Building Cash Estimated warranty liabilities Interest payable Jake Brar, capital Interest receivable Current assets 37,300 Machinery 359,000 Merchandise inventory 132,000 Notes payable** 2,400 Notes receivable, due 2024 533,000 Operating expenses Prepaid rent Revenue 19,600 11,600 660 Saleries & admin expense Salarles payable 120 Unearned revenue 179,060 'Assume all accounts have a normal balance. 2$152.500 of the note payable is due beyond December 31, 2024 Account BRAR MAINTENANCE COMPANY Balance Sheet December 31, 2023 Assets $ Balance 82,700 302,000 132,000 197,000 23,300 908,900 75,000 Required: Prepare a classified balance sheet for Brar Maintenance Company at December 31, 2023. (Be sure to list the assets and order of their liquidity. Enter all amounts as positive values.) 1,270,000 119,900 8,400 30,700
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter6: Cash And Receivables
Section: Chapter Questions
Problem 6MC: Prior to adjustments, Barrett Companys account balances at December 31, 2019, for Accounts...
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