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Exercise 4-12 Classified balance sheet LO5The March 31,2023, adjusted trial balance for Amusement Park Repair...

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Accounting

Exercise 4-12 Classified balance sheet LO5The March 31,2023, adjusted trial balance for Amusement Park Repair is shown below with accounts in alphabetical ordeAccounts payableDebitCreditAccounts receivable$ 30,000Accumulated depreciation, equipment$ 47,000Accumulated depreciation, truck8,000Cash20,000Depreciation expense13,400Equipment2,80018,000Franchise20,000Gas and oil expenseInterest expense6,500350Interest payable650Land not currently used in business operations138,000Long-term notes payable33,000Notes payable, due February 1,20246,000Notes receivable?4,000Intangible asset6,000Prepaid rent13,000Rent expense50,000Repair nevenue256,000Repair supplies12,100Repair suppliesexpense28,000Truck25,000Unearned repairrevenue11,600Vic Sopik, capital66,900Vic Sopik, withdrawals48,000Totals$432,150$432,1501McGrawHillPrevof 8Next

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