The adjusted trial balance for Wootton Bowling Alley at December 1 answer below »
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The adjusted trial balance for Wootton Bowling Alley at December 31, 2012, contains the following accounts.
Instructions
(a) Prepare a classified balance sheet; assume that $22,000 of the note payable will be paid in 2013.
(b) Comment on the liquidity of thecompany.
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