December 31, 2020. Account Description Accounts payable Accounts receivable Utilities payable Allowance for doubtful accounts Cash Accumulated amortization, patent Accumulated depreciation, vehicle 62,000 Prepaid rent Land Post-closing Trial Balance as of December 31, 2020 Balance Revenue 25,000 70,000 12,000 5,000 3,500 31,000 55,000 75,000 525,000 Account Description Unearned revenues Vehicle Accumulated depreciation, equipment Line, Capital Depreciation expense Equipment Salaries payable Notes payable** Other expenses Patent **550.000 of the potes payable will be paid by December 31 2021 92,000 Balance 80,000 150,000 300,000 53,000 450,000 5,500 146,000 333,000 40,000

December 31, 2020. Account Description Accounts payable Accounts receivable Utilities payable Allowance for doubtful accounts Cash Accumulated amortization, patent Accumulated depreciation, vehicle 62,000 Prepaid rent Land Post-closing Trial Balance as of December 31, 2020 Balance Revenue 25,000 70,000 12,000 5,000 3,500 31,000 55,000 75,000 525,000 Account Description Unearned revenues Vehicle Accumulated depreciation, equipment Line, Capital Depreciation expense Equipment Salaries payable Notes payable Other expenses Patent 550.000 of the potes payable will be paid by December 31 2021 92,000 Balance 80,000 150,000 300,000 53,000 450,000 5,500 146,000 333,000 40,000

Name: Please do not give solution in image format thanku Using the informati
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Description: Please do not give solution in image format thanku Using the information provided, prepare a classified balance sheet for Line Laundry as atDecember 31, 2020.Account DescriptionAccounts payableAccounts receivableUtilities payableAllowance for doubtfu

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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