The following information is available for Karr Bowling Alley at December 31, 2012.
|
Buildings
|
$128,800
|
Share Capital-Ordinary
|
$100,000
|
|
Accounts Receivable
|
14,520
|
Retained Earnings
|
15,000
|
|
Prepaid Insurance
|
4,680
|
Accumulated Depreciation-Buildings
|
42,600
|
|
Cash
|
18,040
|
Accounts Payable
|
12,300
|
|
Equipment
|
62,400
|
Notes Payable
|
97,780
|
|
Land
|
64,000
|
Accumulated Depreciation-Equipment
|
18,720
|
|
Insurance Expense
|
780
|
Interest Payable
|
2,600
|
|
Depreciation Expense
|
7,360
|
Bowling Revenues
|
14,180
|
|
Interest Expense
|
2,600
|
|
|
Prepare a classified statement of financial position; assume that $13,900 of the notes payable will be paid in 2013.