Please do not give solution in image format thanku 1Brar Maintenance Company showed the following adjusted trial balance information for its December 31, 2023, year-endAccountAccounts payableAccounts receivableAccum. deprec., buildingAccum. deprec., machineryAllowance for doubtful accountsBuildingCashEstimated warranty liabilities.Interest payableJake Brer, capitalInterest receivableCurrent assetsBalanceLand$ 43,00037,300Machinery359,000 Merchandise inventory132,000 Notes payable**2,400 Notes receivable, due 2024533,000 Operating expenses19,600 Prepaid rent11,600660AccountRevenueSaleries & admin expense179,060 Salaries payable120 Unearned revenue'Assume all accounts have a normal balance.2$152.500 of the note payable is due beyond December 31, 2024BRAR MAINTENANCE COMPANYBalance SheetDecember 31, 2023AssetsBalance82,700302,000132,000197,00023,300908,90075,0001,270,000119,9008,40030,700Required:Prepare a classified balance sheet for Brar Maintenance Company at December 31, 2023. (Be sure to list the assets and lieorder of their liquidity. Enter all amounts as positive values.)$

Balance sheet is one of financial statement being prepared in business. This shows all assets,…

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

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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