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Need help finishing the liabilities and owner's quity section. Exercise 1-14 a Your...

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Accounting

Need help finishing the liabilities and owner's quity section.

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Exercise 1-14 a Your answer is partially correct. Try again. The adjusted trial balance for Carter Bowling Alley at December 31, 2020, contains the following accounts. Debits Credits Buildings Accounts Recelvable Prepaid Insurance Cash Equipment Land Insurance Expense 128,800 Owner's Capital $113,000 42,600 12,300 97.780 62,400 Accumulated Depreciation Equipment 18,720 ,900 17,180 14,520 Accumulated Depreclation Buildings 4,080 Accounts Payable 18,040 Notes Payable 65,000 Interest Payable 780 ervlce Revenue 7.360 3,800 $305,380 Interest Expense $305,38O Prepare a classified balance sheet; assume that $30,000 of the note payable wll be paid in 2021. (List Current Assets in order of liquidity. List Property, Plant and Equiprment in order of Land, Buildings and Equipment.)

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