Please do not give image format Show Transcribed TextÇEquity and LiabilitiesPrepare a classified statement of financial position; assume that ¥39,000 of the note payable will be paid in 2021. (List Current Assets inthe reverse order of liquidity. List Property, Plant and Equipment in order of Land, Buildings and Equipment.)PRONGHORN BOWLING ALLEYStatement of Financial Position¥XAssets The adjusted trial balance for Pronghorn Bowling Alley at December 31, 2020, contains the following accounts (amounts inthousands).BuildingsAccounts ReceivablePrepaid InsuranceCashEquipmentDebitsLandInsurance ExpenseDepreciation ExpenseInterest Expense¥167,44018,8666,09423,45781,12084,5001,0249,5634,940¥397,004CreditsShare Capital-OrdinaryRetained EarningsAccumulated Depreciation-BuildingsAccounts PayableNotes PayableAccumulated Depreciation-EquipmentInterest PayableService Revenue¥130,00016,90055,38015,990127,12424,3264,94022,344¥397,004

Name: Please do not give image format Show Transcribed TextÇEquity and Liabi
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Description: Please do not give image format Show Transcribed TextÇEquity and LiabilitiesPrepare a classified statement of financial position; assume that ¥39,000 of the note payable will be paid in 2021. (List Current Assets inthe reverse order of liquidity. Lis

Financial statements are those statements which are prepared at the end of accounting period. The…

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3 C Prepare a classified statement of financial position; assume that ¥39,000 of the note payable will be paid in 2021. (List Current Assets in the reverse order of liquidity. List Property, Plant and Equipment in order of Land, Buildings and Equipment.) PRONGHORN BOWLING ALLEY Statement of Financial Position Assets