Extracted text: Prepare a classified balance sheet; assume that $28,500 of the note payable will be paid in 2021. (List Current Assets in order of liquidity. List Property, Plant and Equipment in order of Land, Buildings and Equipment.) SHERIDAN BOWLING ALLEY Balance Sheet Assets 2$ 2$
Extracted text: The adjusted trial balance for Sheridan Bowling Alley at December 31, 2020, contains the following accounts. Debits Credits Buildings $129,000 Owner's Capital $118,400 Accounts Receivable 14,800 Accumulated Depreciation-Buildings 42,000 Prepaid Insurance 4,200 Accounts Payable 11,500 Cash 18,700 Notes Payable 97,400 Equipment 62,600 Accumulated Depreciation-Equipment 17,300 Land 66,300 Interest Payable 2,300 Insurance Expense 900 Service Revenue 16,200 Depreciation Expense 6,500 Interest Expense 2,100 $305,100 $305,100