YOU GET A WORD DOCUMENT WITH SOLUTION
The following information is available for Cole Bowling Alley at December 31, 2014.
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 Service Revenue 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 2015. (List Property, plant and equipment in order of land, buildings and equipment. List current assets in reverse order of liquidity.)
The Zetar plc's complete annual report, including the notes to its financial statements, is available in the Investors section at www.zetarplc.com.
Describe in which statement each of the following items is reported, and the position in the statement (e.g., current asset).