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These items are taken from the financial statements of Oriole Co. at December 31, 2022. Buildings Accounts receivable Prepaid insurance Cash Equipment Land Insurance expense Depreciation expense Interest expense Common stock Retained earnings (January 1, 2022) Accumulated depreciation-buildings Accounts payable Notes payable Accumulated depreciation-equipment Interest payable Service revenue $93,104 11,088 2,816 10,419 72,512 53,856 686 4,664 2,288 52,800 35,199 40,128 8,360 82,368 16,474 3,168 12,936

These items are taken from the financial statements of Oriole Co. at December 31, 2022. Buildings Accounts receivable Prepaid insurance Cash Equipment Land Insurance expense Depreciation expense Interest expense Common stock Retained earnings (January 1, 2022) Accumulated depreciation-buildings Accounts payable Notes payable Accumulated depreciation-equipment Interest payable Service revenue $93,104 11,088 2,816 10,419 72,512 53,856 686 4,664 2,288 52,800 35,199 40,128 8,360 82,368 16,474 3,168 12,936

FINANCIAL ACCOUNTING
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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These items are taken from the financial statements of Oriole Co. at December 31, 2022. Buildings Accounts receivable Prepaid insurance Cash Equipment Land Insurance expense Depreciation expense Interest expense Common stock Retained earnings (January 1, 2022) Accumulated depreciation-buildings Accounts payable Notes payable Accumulated depreciation-equipment Interest payable Service revenue $93,104 11,088 2,816 10,419 72,512 53,856 686 4,664 2,288 52,800 35,199 40,128 8,360 82,368 16,474 3,168 12,936
Transcribed Image Text:These items are taken from the financial statements of Oriole Co. at December 31, 2022. Buildings Accounts receivable Prepaid insurance Cash Equipment Land Insurance expense Depreciation expense Interest expense Common stock Retained earnings (January 1, 2022) Accumulated depreciation-buildings Accounts payable Notes payable Accumulated depreciation-equipment Interest payable Service revenue $93,104 11,088 2,816 10,419 72,512 53,856 686 4,664 2,288 52,800 35,199 40,128 8,360 82,368 16,474 3,168 12,936
Accounts payable Notes payable Accumulated depreciation-equipment Interest payable Service revenue 8,360 82,368 16,474 3,168 12.936 Prepare a classified balance sheet. Assume that $11,968 of the note payable will be paid in 2023. (List Current Assets in order of liquidity List Property, Plant and Equipment in order of Land, Buildings and Equipment.)
Transcribed Image Text:Accounts payable Notes payable Accumulated depreciation-equipment Interest payable Service revenue 8,360 82,368 16,474 3,168 12.936 Prepare a classified balance sheet. Assume that $11,968 of the note payable will be paid in 2023. (List Current Assets in order of liquidity List Property, Plant and Equipment in order of Land, Buildings and Equipment.)
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