Please do not give solution in image format thanku Brar Maintenance Company showed the following adjusted trial balance information for its December 31, 2023, year-end.AccountAccounts payableAccounts receivableAccum. deprec., buildingAccum. deprec., machineryAllowance for doubtful accountsBuildingCashEstimated warranty liabilitiesInterest payableJake Brar, capitalInterest receivableCurrent assetsBalance$ 42,300 Land'Assume all accounts have a normal balance.$149,000 of the note payable is due beyond December 31, 2024Total current assetsProperty, plant, and equipment36,600 Machinery352,000 Merchandise inventory125,000 Notes payable"1,700 Notes receivable, due 2024526,000 Operating expenses18,900Prepaid rent10,900Revenue590221,09585AccountSalaries & admin expenseSalaries payableUnearned revenueBRAR MAINTENANCE COMPANYBalance SheetDecember 31, 2023AssetsBalanceS 82,000295,000125,000190,00022,600Required:Prepare a classified balance sheet for Brar Maintenance Company at December 31, 2023. (Be sure to list the assets and liabilities inorder of their liquidity. Enter all amounts as positive values.)901,90054,0001,200,000119,2007,70030,000 Total current assetsProperty, plant, and equipmentTotal property, plant, and equipmentTotal assetsCurrent liabilities:Total current LiabilitiesNon-current liabilities:Total liabilitiesTotal liabilities and equityLiabilitiesEquity

Please find the Classified Balance Sheet of Brar Maintenance Company in step 2 below.

Brar Maintenance Company showed the following adjusted trial balance information for its December 31, 2023, year-end. 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 'Assume all accounts have a normal balance Balance $ 42,300 Land Account 36,600 Machinery 352,000 Merchandise inventory 125,000 Notes payable 1,700 526,000 Operating expenses 18,900 10,900 590 221,095 85 Notes receivable, due 2024 Prepaid rent Revenue Salaries & admin expense Salaries payable Unearned revenue S Balance 82,000 295,000 125,000 190,000 22,600 901,900 54,000 1,200,000 119,200 7,700 30,000

Brar Maintenance Company showed the following adjusted trial balance information for its December 31, 2023, year-end. 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 'Assume all accounts have a normal balance Balance $ 42,300 Land Account 36,600 Machinery 352,000 Merchandise inventory 125,000 Notes payable 1,700 526,000 Operating expenses 18,900 10,900 590 221,095 85 Notes receivable, due 2024 Prepaid rent Revenue Salaries & admin expense Salaries payable Unearned revenue S Balance 82,000 295,000 125,000 190,000 22,600 901,900 54,000 1,200,000 119,200 7,700 30,000

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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