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prepare income staetment and staement of changing income 2020 I 2 of 3 Er....

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prepare income staetment and staement of changing income 2020
I 2 of 3 Er. at balances are taken from the adjusted trial balance of Lybrand Bowling December 31, 2020. Debit Credit 975.00 315.00 1,835.00 320.00 1,680.00 18,585.00 23,500.00 535.00 Rent Payable Bowling Supplies Bowling Supplies Expense Prepaid Insurance Insurance Expense Accumulated Depreciation- Bowling Equip. D. Allen, Withdrawals Accounts Payable Equipment Repairs Expense Long Term Notes Receivable Utilities Expense Bowling Equipment Interest Expense Depreciation Expense, Bowling Equipment Wages payable Long Term Notes Payable D. Allen, Capital Wages Expense Cash Property Taxes Payable Bowling Revenue Property Tax Expense 630.00 8,175.00 3,530.00 74,325.00 900.00 7,125.00 420.00 15,000.00 31,800.00 24,720.00 1,250.00 285.00 81,750.00 1,045.00 Totals 149,350.00 149,350.00 1. The current portion of the notes payable due in 7 months is $5,500 2. $1,000 was invested during the year 3. The current portion of the notes receivable due in 2021 is $1,500

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